Robert Higgs on Booms, Busts and Bad Predictions
Posted: Thu. September 15, 2011
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Robert Higgs is interviewed here by Scott Horton of Antiwar Radio. They discuss the economic baloney of mainstream economists, the failure of most to understand the potential for mass inflation given the money supply currently sitting around in bank reserves, the reality of the business cycle and the politicians and medias failure to grasp it, and why none of us should make sweeping predictions about how the future will unfold, even if we do understand economics, since human action and the flexibility of markets are impossible to quantify.
Recorded: Wed. March 24, 2010
Experts: Robert Higgs
Issues: Banking and Finance, Economic Policy, Fiscal Policy/Debt, Politics