Ep. 63 Nicolas Cachanosky on Improving Austrian Business Cycle Theory, the Dispute Over Fractional Reserve Banking, and How the Fed Broke Monetary Policy
https://www.bobmurphyshow.com/wp-content/uploads/2019/09/cachanosky.jpg ()Economist Nicolas Cachanosky specializes in the overlap between capital theory in traditional economics and the capitalization of cash flows in finance. He explains the relevance of these concepts to understanding the business cycle. Then Nicolas and Bob have a friendly disagreement over Mises’ views on fractional reserve banking. The conversation closes with Nicolas’ view on central banking policy since the financial crisis of 2008. . . . . . . . . Mentioned in the Episode and Other Links of Interest: Nicolas Cachanosky’s http://www.ncachanosky.com/cv.html (CV), which contains citations to all of the articles discussed. Peter Lewin’s book https://www.amazon.com/gp/product/B000FBFI0G/ref=as_li_tl?ie=UTF8&tag=consultingbyr-20&camp=1789&creative=9325&linkCode=as2&creativeASIN=B000FBFI0G&linkId=5f1b233898ed03d7a1a79f3049b27fd1 (Capital in Disequilibrium). Bob’s Mises.org articles on https://mises.org/library/reswitching-question (reswitching), on https://mises.org/library/my-reply-krugman-austrian-business-cycle-theory (responding to Krugman’s critique) of ABCT, and on mainstream economists https://mises.org/ko/wire/mainstream-economists-don%E2%80%99t-even-get-their-dimensions-right (not getting their dimensions) right. The Bob Murphy Show https://www.bobmurphyshow.com/ep-48-bob-explains-the-highlights-of-his-new-qjae-article-on-frb/ (episode 48), in which Bob discusses his new QJAE paper on the FRB debate. How http://bobmurphyshow.com/contribute (you can contribute) to the Bob Murphy Show. The audio production for this episode was provided by https://www.podsworth.com/ (Podsworth Media).