As the U.S. authorities once again pivot to begin another round of cheap credit, Carlos and Bob reflect on the deception–both deliberate and unwitting–involved. Part of the problem is that younger investors haven’t lived through a crash, but even the old timers are caught flat-footed if they think past crashes were an “act of God.” This is why it’s so important to learn Austrian economics.

Mentioned in this episode:

• Carlos and Bob’s video, “How to Weather the Coming Financial Storms.”

The audio production for this episode was provided by Podsworth Media.