
Ep. 281 Murphy vs. Twitter Econ
Bob Murphy Show
00:00
The Unsustainable Boom
When we talk about boom, we have this connotation that it's unsustainable and too exuberant. So what happens with the unsustainable boom is that interest rates go down not because the government forced people to save more. And so entrepreneurs start a bunch of long term projects at the same time that the consumers are saving less. That still lowers interest rates just like happened with the fourth saving scenario.
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