Economic Psychology Shift
The conversation highlights the significant psychological shift in spending behavior following the 1933 dollar devaluation, which spurred economic growth. It emphasizes the role of commercial banks in money creation, contrasting their lending practices with the Federal Reserve's actions. The discussion suggests that understanding these dynamics is crucial for grasping today’s economic landscape.In this clip
From this podcast
The James Altucher Show
Jim Rickards: Will Trump Save the Economy and Drain the Swamp?
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