Why Minsky Matters, Part 1 (Amagi Podcast @ Think Liberty, Episode 14)

Nima discusses American economist Hyman Minsky’s ideas and contributions.

Source:
Why Minsky Matters by L Randall Way (https://www.amazon.com/Why-Minsky-Matters-Introduction-Economist-ebook/dp/B00XNZA8CO)

Club Of Rome on inventing global warming scare (https://en.wikipedia.org/wiki/Club_of_Rome#The_Limits_to_Growth)

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Saving & Investing: The Instrument of Expansion (Amagi Podcast @ Think Liberty, Episode 13)

Nima discusses the economic mechanisms behind what Carroll Quigley refers to as “The Instrument Of Expansion”, namely inventiveness, saving & investment.

Sources:

Evolution of Civilizations by Carroll Quigley (https://www.amazon.com/Evolution-Civilizations-Carroll-Quigley/dp/0913966576)

Tragedy & Hope by Carroll Quigley (https://www.infowarsstore.com/infowars-media/books/tragedy-hope.html)

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Response To Freedomain Radio About Trump’s Economy (Amagi Podcast @ Think Liberty, Episode 9)

Nima and Dylan Respond to a Stefan Molyneux’ and Bob Murphy’s Freedomain Radio video about “Trump’s Economy”.

The video of Stefan Molyneux and Bob Murphy:
https://www.youtube.com/watch?v=Qq99Ld9R5Rw

Dylan’s debate with Bob Murphy: https://tomwoods.com/ep-1116-debate-bob-murphy-and-dylan-moore-on-modern-monetary-theory-mmt/

Warren Mosler’s Debate w/Bob Murphy: https://www.youtube.com/watch?v=cUTLCDBONok&t=3803s

The Princes of the Yen: https://www.youtube.com/watch?v=p5Ac7ap_MAY

Potential Problems with Narrow Banking: https://www.pragcap.com/potential-problems-narrow-banking/

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Impending Economic DOOM (Amagi Podcast @ Think Liberty Episode 8)

Nima and Dylan discuss indicators of economic doom.

Sources:

Regarding the Kalecki Equation: What Does the Market’s Response to Trump’s Election Tell Us About Investor Expectations?
(https://www.economicsjunkie.com/markets-response-trumps-election-tell-us-investor-expectations/)

The Permanent Portfolio (https://soundcloud.com/economicsjunkie/investing-the-permanent-portfolio-amagi-podcast-think-liberty-episode-6)

Currency crisis candidates: https://twitter.com/cullenroche/status/1031978260605747200

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Deleveraging Continues: US Private Debt To Income Declines To Near 17 Year Low

While President Trump’s tax and deregulation policies have already fueled a historic stock market rally as I explained and predicted in 2016, an important figure has quietly begun declining in Q4 2017 and is now near a 17 year low.

This figure is the ratio of private debt to annual income, a hugely important indicator to assess the sustainability of the booming economy, the financial stability of households and corporations, thus their willingness to spend and invest, respectively, and with that a sense of how sustainable current GDP growth levels might be.

It hit an all time record high in Q1 2009 at 301.32%, and now hovers at 225.93%, a better level was last seen in Q1 2015 at 225.92% and before that only in Q3 of 2001 224.46%.

Large government deficits due to big tax cuts are flooding the private sector with safe assets for the private sector to hold, and thus net private sector saving is on the rise, inducing the private sector to spend and invest comfortably, generating the income reflected in this ratio.

This rally does have legs, that is until the current government’s agenda is thwarted by those who suffer from Trump Derangement Syndrome and seek to sabotage it out of rank hatred for their country and its working people.

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