#11: Russell Lamberti on Austrian Economics
Description
I am joined today by Russell Lamberti. Russell is the founder and managing director of ETM Macro Advisors, as well as one of the authors of, "When Money Destroys Nations".
We discuss, among other things, the methodology that distinguishes the Austrian school of economics from other, more mainstream economic schools. We then briefly look at the economists that built and popularized the school i.e., Carl Menger, Eugen Bohm-Bawerk, Ludwig von Mises, Friedrich Hayek and Murray Rothbard.
We further talk about the Great Depression, the Subprime Derivative Crisis, the Mediterranean Sovereign Debt Crisis and Zimbabwe's hyperinflation. Moreover, we talk about the global financial system and its fragilities, and why sound money alternatives are gaining greater acceptance, especially in developing economies.
More info on Mises and his methods: https://mises.org/wire/mises-and-his-methods
United States
