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Today I wanted to cover an analogy I have hit in the past to explain what's happening in the boom/bust cycle. One that sheds light on the fact that the imbalance is a fundamental element of the fractional reserve system, rather than an unexplainable flaw of humanity shrugged away by "animal spirits."
What do cars, tickets, and vacation plans have to do with the boom/bust cycle? Listen to find out!
"The fiat economist universally chooses to set the printing press to brrrrrrrrrr. While the enlightened elite watch their stock portfolios moon and their debts...
Recently, a bit of Twitter drama has arisen from a post that started with @JWWeatherman_'s disclosure of a perceived critical bug in the Casa...
[Caveat - A critical piece of the puzzle I lay out in this episode was something I incorrectly understood, which makes this entire thought...
