Matthew Spositi is an aspiring trader, Austrian Economic enthusiast, entrepreneur, and founder of New Millennium Wealth. My goal is to help individuals get out of the rat race and become financially free, by showing you every step of my journey, and by sharing all of the knowledge I have accumulated about trading, investing, markets, and economics over the past 5 years.
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Sunday Feb 14, 2021
Sunday Feb 14, 2021
Gain Access to the Liberty Informant!
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One reality that the unprecedented Reddit/GameStop short squeeze alerted more people to is the major disconnect between the ballooning stock market and the actual economy.
A stock market bubble is a significant indicator of the boom phase of the boom-bust economic cycle that we have grown accustomed to over the past several decades.
Many, mostly on the left, blame free market capitalism for economic cycles, however, boom-and-bust cycles are not an inherent feature of a market economy.
Austrian school economists have for a century convincingly argued that business cycles are a result of monetary distortions in the economy created by artificial, or fiat, money creation and the false credit expansion that results from it.
This article was published at the Mises Institute, by .
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