Ep. 178: Vernon Smith Interview with Michael Covel on Trend Following Radio

1

Introduction

00:00 • 2min

2

The Perishable Markets of the 1960s

01:37 • 3min

3

The Importance of Price in the National Income Accounts

04:55 • 2min

4

The Origins of Asset Trading

06:45 • 2min

5

The Novelty of Market Processes

08:46 • 2min

6

How to Trade a Dividend in a Lab Setting Setting

10:23 • 2min

7

The Time Difference Between Those Three Periods

12:40 • 2min

8

The Importance of Curiousness in Economics

14:12 • 4min

9

The Importance of Bringing in Old Accounters in Lab Experiments

18:00 • 4min

10

The Dot Com Bubble and the Real Estate Bubble

21:32 • 6min

11

The Negative Effects of the Mortgage Market

27:31 • 3min

12

The Effect of Self-Sustained Expectations on Prices

30:59 • 3min

13

The Effects of Bubbles on the Home Market

33:38 • 4min

14

The Importance of Ideology in Society

38:06 • 5min

15

The Politics of Reselling a Home

43:35 • 2min

16

The Importance of Property Rights in the Economy

45:21 • 2min

17

The Problem With Bubbles

47:24 • 2min

18

The Insanity Rule in the Housing Crisis

49:47 • 3min

19

Adam Smith: The Originator of the South Sea Company Bubble

52:21 • 5min

20

How to Make Money Up, Down and Surprise Markets

57:36 • 2min