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Tag Archives: economics

  • Podcast

    Binyamin Appelbaum: The Problem With Modern Economics

    A historical review explains the deficiencies of today's policies
    by Adam Taggart

    Thursday, September 12, 2019, 2:53 PM

    10

    Why do we have the economic policies we do today?

    These policies drive decision-making on Capitol Hill, corporate boardrooms, and on Wall Street. But who made them, why, and how did they come about? And how well are they serving us?

    Binyamin Appelbaum has made these questions the focus of his new book The Economists Hour, which shines a bright light on the rise of modern Economics and its dominating influence on society.

    From anti-trust law to central banking, Appelbaum explains how Economics has evolved (metastasized?) into its current form, where the solutions it now offers may be no better (and possibly substantially worse) than the problems it’s designed to address.

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  • Podcast

    Richard Sylla: This Is An Inherently Dangerous Moment In History

    Low interest rates are causing distortions & mis-allocations
    by Adam Taggart

    Monday, August 7, 2017, 6:42 PM

    23

    "The rates we’ve had in recent years, including right now, are the lowest in history. The book that I co-authored on the history of interest rates traces back to the code of Hammurabi, Babylonian civilization, Greek and Roman civilization, the Middle Ages, the Renaissance, and early modern history right up to the present. And I can assure our listeners that the rates that they’re experiencing right now are the lowest in human history."

    So says Richard Sylla, Professor Emeritus of Economics and the Former Henry Kaufman Professor of the History of Financial Institutions and Markets at New York University's Stern School of Business. He is also co-author of the book A History Of Interest Rates

    We invited Professor Sylla onto the podcast after hearing his work favorably referenced by the panel convened at the recent hearing held by the US Congress titled: “The Federal Reserve’s Impact on Main Street, Retirees and Savings.”

    Based on his deep study across the scope of millennia of human history, Sylla warns we are at a dangerous moment in time.

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  • Blog
    Wikimedia.org

    Bad Models Result In Terrible Outcomes

    Things are worsening because we pursue the wrong policies
    by Chris Martenson

    Saturday, July 15, 2017, 3:38 AM

    18

    Recently I spent a month in Buenos Aries.  I went there to study the people, the culture and the economy of a prosperous land, filled with kind, well educated people.

    One key lesson was this; bad policies can ruin every advantage you might have had.

    While not as bad off as it was in 2002 when people filled the streets banging pots and pans in protest of their economically ruined lives, the place is still clearly depressed as are most of its people. 

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  • Blog
    Dreamstime

    The Marginal Buyer Holds The Pin That Pops Every Asset Bubble

    So it's important to watch him very closely
    by Adam Taggart

    Friday, August 19, 2016, 6:01 AM

    14

    Those of you who took an Economics class in college may remember the saying that prices are set "at the margin". That's a fancy way to say that prices are set by the person (or people) willing to pay the most.

    This person willing to pay top dollar is called the "marginal buyer". Most of us don't really think about him, but he (or she) is very, very important.

    Why? Because the marginal buyer not only determines price levels, but also their stability and degree of volatility. The behavior of the marginal buyer, as well as the degree of competition for his/her "top dog" spot, sets the prices of nearly every asset class held by today's investors.

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  • Podcast

    John Perkins: The Shadow World Of The Economic Hitman

    An exposé of the ugly global battle for control of resources
    by Adam Taggart

    Sunday, March 6, 2016, 5:51 AM

    61

    If you're hoping to have a 'feel good' day today, we're about to owe you an apology.

    John Perkins, author of The New Confessions of an Economic Hit Man, is someone we've been trying to get on the program for some time. He tells a dark story of an elite cabal working in the shadows to subjugate governments as it pursues ever-greater control of the planet's resources. 

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  • Blog
    James Steidl/Shutterstock

    In Denial: We Pursue Endless Growth At Our Peril

    A requiem for planet Earth
    by Chris Martenson

    Friday, May 29, 2015, 2:09 PM

    189

    As we've been discussing of late here at PeakProsperity.com, humans desperately need a new story to live by. The old one is increasingly dysfunctional and rather obviously headed for either a quite dismal or possibly disastrous future. One of the chief impediments to recognizing the dysfunction of the old story and adopting a new one is the most powerful of all human emotional states: Denial.

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  • Podcast

    Steve Keen: The Deliberate Blindness Of Our Central Planners

    Choosing to ignore the largest risks
    by Adam Taggart

    Sunday, March 29, 2015, 4:20 PM

    72

    The models we use for decision making determine the outcomes we experience. So, if our models are faulty or flawed, we make bad decisions and suffer bad outcomes.

    Professor, author and deflationist Steve Keen joins us this week to discuss the broken models our central planners are using to chart the future of the world economy.

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  • Blog
    Peak Prosperity

    Energy & The Economy – Crash Course Chapter 22

    Why society will be forced to become less complex
    by Adam Taggart

    Saturday, November 22, 2014, 1:17 AM

    10

    In the past few chapters on Energy EconomicsPeak Cheap Oil, and the false promise of Shale Oil, we've gone into great detail to show how our economic growth is deeply dependent on our energy systems.

    Understanding the known facts behind this story, as well as each of the stated risks is what The Crash Course is about: assessing those risks and deciding what, if anything, a prudent adult should do about adapting to these realities and facing these risks. 

     

     

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  • Blog
    Peak Prosperity

    Energy Economics – Crash Course Chapter 19

    THE reason why growth will be more scarce in the future
    by Adam Taggart

    Friday, October 24, 2014, 11:45 PM

    3

    The central point to this latest video is this: as we’ve shown in previous chapters of the Crash Course, our global economy depends on continual growth to function. And not just any kind of growth; but exponential growth.

    But in order to grow, it must receive an ever-increasing input supply of affordable energy and resources from the natural world. What I’m about to show you is a preponderance of data that indicates those inputs will just not be there in the volumes needed to supply the growth that the world economy is counting on.

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  • Podcast

    Dan Amerman: Will Our Private Savings Be Sacrificed To Pay Down The Public Debt?

    Beware of 'financial repression'
    by Adam Taggart

    Sunday, October 19, 2014, 3:06 PM

    35

    Recently, an article by Daniel Amerman caught our attention. Titled Is There A “Back Door” Method For The Government To Pay Down The Federal Debt Using Private Savings?, it details the process known as financial repression, where sovereign debts are slowly paid off by syphoning private savings from an unaware populace.

    In this week's podcast, Chris discusses the mechanics of the process, as well as its probability, with Dan.

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