Bubble Trouble: Laying Out Inconvenient Truths About How Business and Financial Markets Really Work • Where Does Money Come From? with Michael McMahon • Listen on Fountain
Today we bring on the sexy topics of fractional reserve lending and quantitative easing with Michael McMahon from the Bank of England and Oxford University.Visit https://www.bubbletroublepodcast.com/ for the transcript for this episode. Hosted on Acast. See acast.com/privacy for more information.
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Bubble Trouble features conversations between economist and author Will Page and independent analyst Richard Kramer that lay out some inconvenient truths about how financial markets really work. Like the “boy who cried wolf,” financial markets have a peculiar tendency to repeat past mistakes and get themselves into “bubble trouble.” They party hard, drink too much of the Kool Aid, and wake up with a pounding hangover...only to do the same thing the next day. With tech dominating daily headlines and teenage traders driving stocks to unprecedented valuations, you might be asking “What’s really going on?” “What am I missing?” Imagin...