Episode 84: Is a Recession Coming? Listen to the Austrians The Lara-Murphy Report

Carlos and Bob discuss the views of some prominent economists on whether a recession is baked into the cake. Contrary to even free-market members of the Chicago School, the Austrians know it's not just a matter of money supply growth. During the boom, there were real malinvestments, and these must be liquidated in a bust.Mentioned in this episode and other links of interest:The Fortune article on Steve Hanke and his views about recession.Bob’s journal article with Ryan Griggs on the inverted ...