Podcasts News Politics The Tom Woods Show Ep. 1894 Why the Economy Goes Up and Down -- Explained for a Teenager, a 5-Year-Old, and a Grad Stduent

Ep. 1894 Why the Economy Goes Up and Down -- Explained for a Teenager, a 5-Year-Old, and a Grad Stduent

Published: May 12, 2021, 8:02 p.m.

b'In this unique episode, Professor Jeff Herbener and I explain why the economy goes up and down in boom-bust cycles (hint: it\'s not the fault of "capitalism"), but we describe it in three ways: how we would explain it to a graduate student, a teenager, and a 5-year-old. Sponsors: &'