Transition dynamics versus new equilibria

Bob uses clips from his ZeroHedge debate with Randall Wray, as well as a moment from a forthcoming Human Action podcast, to provide deeper analysis than he had time to cover in the moments.

Mentioned in the Episode and Other Links of Interest:

• The ZeroHedge debate between Murphy and Randall Wray.
• Bob's (quick) critique of the sectoral balance argument.
• Bob's Human Action episode on Cantillon effects.
• Help support the Bob Murphy Show.