{"id":217,"date":"2017-05-31T11:30:09","date_gmt":"2017-05-31T16:30:09","guid":{"rendered":"https:\/\/www.jamesdeprisco.com\/?p=217"},"modified":"2017-05-29T11:35:43","modified_gmt":"2017-05-29T16:35:43","slug":"misallocation-and-usury","status":"publish","type":"post","link":"https:\/\/www.jamesdeprisco.com\/misallocation-and-usury\/","title":{"rendered":"Misallocation and Usury"},"content":{"rendered":"

An excellent interview with Lacy Hunt. \u00a0Ties in usury and misallocation. \u00a0I’ll be picking up a copy of Kendlebergers Manias, Panics, and Crashes<\/em>. \u00a0Hunt seems to hold my thesis. \u00a0Long bond yields go down and be very careful about the stock market. \u00a0The purpose of this interview is not to advise you on investments, but to get you to think about the Austrian concept of misallocation, and how usury plays into that. \u00a0Note Hunt uses the term “wrong kind of debt”. \u00a0We’ll correctly identify that as USURY. \u00a0Interview starts a few minutes in.<\/p>\n