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?