Podcast: Play in new window | Download

Subscribe: Apple Podcasts | Android | RSS

In this episode, we ask:

• What is the average retirement age for many Americans now?
• Are people retiring later?
• What is the average income and average net worth of these Americans?
• How much?
• What or who is the wizard behind the curtain?

Thanks to Tom Woods and the many historians and economists I cite in this episode!

• What was the original job of the Federal Reserve?
• What does flexible mean in the context of currency and the Federal Reserve?
• What are shadow economics?
• What happened in December of 1913?
• What has happened with inflation?
• How was the Fed originally created?
• Would you like to hear Episode 56?
• Are we now in a better place?
• What did Christina Romer discover?
• What about the frequency, length and duration of recessions?
• What about price stability?
• What about deflation?
• What about output volatility?
• What did Richard Timberlake say about monetary history?
• What happened in the 19th century?
• What about the gold standard?
• What about the bank panic of 1819?
• What was Thomas Jefferson’s plan?
• What about the panic of 1873?
• What about the gilded age?
• How was life different for people born in 1860 vs. 1890?
• How did prices drop?
• How did America transform?
• When was the gold standard restored?
• What was unit banking?
• How did the farming calendar affect the bank?
• What about artificial fragility?
• How was Canada different?
• Could the U.S. have avoided bank panics?
• What did Milton Friedman say?
• Was the Fed successful at stopping bank panics?
• What about deposit insurance in 1934?
• …How many banking panics?!
• Was the Fed not prepared to handle it?
• What is the Cantillon effect?
• How does money creation affect people differently?
• Where are the top 5 wealthiest counties in the U.S.?
• What about moral hazard?
• Should prices fall?
• What about goods and services?
• What do banks create?
• What about fractional reserve notes?
• What about savers?
• What about losing out due to inflation?
• What about investments?
• What about holding on to your cash?
• What about maintaining your purchasing power?
• Is this working?
• How do we escape the boiling pot?
• How might you take steps to increase your own money supply?