Daniel Lacalle over ons geldstelsel – The Biggest Bubble of All
Ons geldstelsel is volgens Daniël Lacalle de grootste bubbel uit de geschiedenis. Als zij klapt zal dat meer mensen meer schaden dan een economische depressie. Een gesprek met Jeff Deist van het Mises Institute.
The Fed’s interest rate hikes, Jerome Powell’s focus on data, the US housing market, and why all of us have a stake in seeing central bank balance sheets shrink. What’s the biggest and most dangerous financial bubble? Sovereign debt issued by profligate governments. And unlike stocks or corporate debt, government bond bubbles harm millions of ordinary people when they burst.
Economist Daniel Lacalle joins Jeff Deist to figure out the bizarro world of the bond bubble: negative interest rates, anemic rate spreads between government bonds and “high yield” bonds, and central banks as the unseemly buyers of last resort. They discuss the Fed’s interest rate hikes, Jerome Powell’s focus on data, the US housing market, and why all of us have a stake in seeing central bank balance sheets shrink.
Related article: Daniel Lacalle on the Bond Bubble
Daniel Lacalle has a PhD in Economics and is author of Escape from the Central Bank Trap, Life In The Financial Markets and The Energy World Is Flat.
Publicatie 12 oktober