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The History of Booms and Busts
The intro to this video sets it up better than I could…
“When an economy falls into a recession, we typically observe a cluster of people making similar investment mistakes. According to historian Stephen Davies, these investment errors occur because governments or central banks manipulate the supply of money. These manipulations place artificial downward pressure on interest rates, creating false signals that entice individuals to invest in what end up being unprofitable ventures. Booms and busts are not a new phenomenon of this century, but rather, have occurred throughout history both in America and around the globe…” ~ LearnLiberty.org
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Tagged boom, busts, economic cycles, investing, stock market, stocks
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“Separating Myths from Truth” Intro
Over the next weeks I’ll be posting segments of our “Separating Myths from Truth” presentation. These will be a little different than the seminar version–just me and the camera, no jokes about the (great) food. If you’ve seen the live seminar, then this will be a good chance to review. If you haven’t, then here’s a sneak peak…
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Weekly Web Gems
An Old Tom Petty Favorite…Mark Matson looks at the economy and says, “I won’t back down!”
Turning Riches into Scarcity…Douglas French looks at what’s gone wrong with the once-prosperous Venezuela.
Are Some Asset Classes Less Efficient?…Kenneth French and Eugene Fama say no.
The Decline of American Monuments and Memorials, by Michael J. Lewis…the last Imprimis installment from Hillsdale College.
Stealing Sleep? Sorry, There’s No Such Thing…Kevin DeYoung on all-nighters, borrowing time, and paybacks.
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