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189. Is Property Theft? | Dr. Robert Murphy
The Jordan B. Peterson Podcast
The Austrian Business Cycle
Market economies tend to grow over time, but it's not a smooth periodic increase. The banking system and in modern times under the ages of central banks um Pushes down interest rates below where they should be so interest rates get pushed to artificially low levels. That gives the wrong signal to entrepreneurs They start long-term projects even though the public hasn't saved enough to actually justify those investments. It gives this false boom period where everything seems prosperous businesses are hiring But there's not enough actual saving To bring it to the finish line. At some point the bank raises rates because inflation is kicking up and then you know, there's a crash. In the Austrian view the depression or the
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