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Ryan McMaken Explains the Real Cause of Economic Instability – April 4, 2019
| Ryan McMaken joins the show to explain the economics of central banks—specifically the way our Federal Reserve destroys people’s savings by inflating the money supply and causes the boom/bust cycle through its manipulation of interest rates. People will often object, says McMaken, that without a central bank unbridled capitalism would take the U.S. back to the economic dark ages, but he points out that we have had one for most of America’s worst financial crises, including the great depression and the crashes of the 70s and 80s. Central banks are the cause of the problem, not the solution.
Ryan McMaken is a senior editor at the Mises Institute. He has degrees in economics and political science from the University of Colorado, and was the economist for the Colorado Division of Housing from 2009 to 2014. He is the author of Commie Cowboys: The Bourgeoisie and the Nation-State in the Western Genre.
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Ryan McMaken is the editor of Mises Wire and The Austrian. Send him your article submissions, but read article guidelines first. (Contact: email; twitter.) Ryan has degrees in economics and political science from the University of Colorado, and was the economist for the Colorado Division of Housing from 2009 to 2014. He is the author of Commie Cowboys: The Bourgeoisie and the Nation-State in the Western Genre.
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