Fear the Boom & Bust - A Hayek vs. Keynes Rap Anthem (7:33)
In Fear the Boom and Bust, John Maynard Keynes and F. A. Hayek, two of the great economists of the 20th century, come back to life to attend an economics conference on the economic crisis. Before the conference begins, and at the insistence of Lord Keynes, they go out for a night on the town and sing about why there's a "boom and bust" cycle in modern economies and good reason to fear it.
Dedicated to Your Peace of Mind,
John Borger & Scott Buchanan
Fight of the Century: Keynes vs. Hayek Round Two (10:10)
According to the National Bureau of Economic Research, the Great Recession ended almost two years ago, in the summer of 2009. But we're all uneasy. Job growth has been disappointing. The recovery seems fragile. Where should we head from here? Is that question even meaningful? Can the government steer the economy or have past attempts helped create the mess we're still in? John Maynard Keynes and F. A. Hayek never agreed on the answers to these questions and they still don't. Let’s listen to the greats. See Keynes and Hayek throwing down in "Fight of the Century."
Dedicated to Your Peace of Mind,
John Borger & Scott Buchanan
Keynesianism Part 1 - It's All About Spending (14:53)
Is our prosperity derived from a continual circular flow of spending? Is it impossible for a society to increase it's total savings? Can deficit spending by a government step in to replace private activity in order to maintain full employment and restore lasting economic growth? What is a liquidity trap and what does it mean for the economy? What did Keynes really mean by "in the long run, we're all dead?"
Dedicated to Your Peace of Mind,
John Borger & Scott Buchanan
Part 1: Fear the Boom (7:33)
In this EconStories mini-documentary, economist and Hayek scholar Lawrence H. White provides an overview of the Mises/Hayek "Austrian" theory of Boom and Bust. Part one focuses on the unsustainability of a boom driven by artificially low interest rates and credit expansion by the central bank (the Fed) beyond the supply of genuine savings.
Dedicated to Your Peace of Mind,
John Borger & Scott Buchanan
Part 2: The Bust (7:30)
So the boom turns to bust. What now? In this EconStories mini-documentary, economist and Hayek scholar Lawrence H. White offers his view on a Hayekian response to the bust phase of the Boom and Bust cycle and responds to the charge that F. A. Hayek was a "liquidationist."
Dedicated to Your Peace of Mind,
John Borger & Scott Buchanan
Part 3: The Cluster of Errors (4:53)
Are Austrians a broken clock that's right twice a day (when there's a bubble that busts)? Why do entrepreneurs continue to be fooled by manipulation of interest rates by the central bank?
In this EconStories mini-documentary, part III in our first series on the Mises/Hayek theory of boom and bust, Lawrence H. White addresses the expectations and the cluster of entrepreneurial errors that reveal themselves during a bust.
▪ John and Scott
Hayek and Keynes Battle at the Economist's Buttonwood Gathering (10:04)
On October 25th, an audience of financial managers and CEOs, politicians, central bankers and Nobel Prize-winning economists at The Economist's Buttonwood Gathering were treated to an unusual experience: a live rap battle between John Maynard Keynes and F. A. Hayek.
▪ John and Scott
Reward Capitalism (2:30)
Capitalism rewards the best and most innovative companies exactly what should happen. Once Henry Ford came out with the Model T, you could make the best buggy whip in the world but you were going out of business. Once the word processor became available on the computer the typewriter's days were numbered. Could the next big breakthrough be in energy, effectively making the utility companies obsolete? Our government should reward success, not failure. Yet, some in government seem to think rewarding failure will help society. I think it only prolongs misery and stymies innovation. What could all the money given to GM done for new and innovative companies?
Continue to learn, stay diversified according to your risk tolerance, stay disciplined, and rebalance. Education is your best defense against imprudent investing. Invest intelligently!
Past performance is no guarantee of future results.
▪ John and Scott
Economists Can Predict the Future...Not! (5:49)
Economists don't know what is going to happen next or whether the economy is going to get better or worse. Do not base investment decisions based upon expert predictions or forecasts of the economic future. They have no idea what will happen. There are literally trillions of unknown variables that can change the direction of the economy in either direction.
The simple truth is no one can predict the future, not even a chart. There are too many unpredictable future variables (good and bad) that drive the market prices up or down short term. Think of all the factors that go into market prices…the weather, natural disasters, manmade disasters, political decisions, wars, technology discoveries, medical discoveries, where you shopped (or didn’t shop) today, people’s feelings, hopes, dreams, instincts, perceptions, facts, data, statistics, new news, and the list goes on and on. There is no chart or system that can factor in these unknown random variables to reliably predict a stock price or market direction. There are many “gurus” that will make you believe that they can. If you are an educated investor, you won’t be duped.
Continue to learn, stay diversified according to your risk tolerance, stay disciplined, and rebalance. Education is your best defense against imprudent investing. Invest intelligently!
Past performance is no guarantee of future results.
▪ John and Scott
What is Keynesian Economics? (11:40)
So what is Keynesian economics? Why should you care? Because there are politicians in power that subscribe to this theory. Watch and see if you agree. Should we continue with Keynesian economics and just throw money we don't have to fix "economic problems", or go with free market capitalism and a trim and fit government? Check out the results of Keynesian redistribution theory, and then what John Stossle has to say about capitalism.
This is not a Republican or Democrat thing. Both parties have promoted Keynesian theory at some point, and each time the results were the same. This is why studying history is so important. What does this have to do with investing? Different economic theory promoted by the politicians directly effects your retirement savings accounts. So, vote wisely in November.
Continue to learn, stay diversified according to your risk tolerance, stay disciplined, and rebalance. Education is your best defense against imprudent investing. Invest intelligently!
Past performance is no guarantee of future results.
▪ John and Scott
Save the Investor, Save the World (31:02)
This week we are back to the important principals of investing (so you know what is important and what you can ignore in the media, magazines and newspapers). In this segment you will learn about the "investor dilemma" and why most investors underperform over their lifetime. You will also learn about the devastating effects of communism, the "global dilemma" and benefits of global diversification, and much, much more. This is an important investor coaching session that every investor much watch. It is a bit longer than the videos we typically send out, but has a ton of great information in it! This is one for the archives!
Continue to learn, stay diversified according to your risk tolerance, stay disciplined, and rebalance. Education is your best defense against imprudent investing. Invest intelligently!
Past performance is no guarantee of future results.
▪ John and Scott
Quantitative Easing 2 Explained Simply (6:46)
Are you having trouble (like most of us) understanding what the FED is doing with this QE2 stuff, this humorous video explains it pretty well.
This has a lot to do with investing, and is why we are sending it out. If all of us are up to speed on economic topics, we can effect what the politicians do and make sure they do the right things so our investments continue to grow. Hopefully the pressure from the public will stop this QE2 nonsense. Enjoy and prepare to be disturbed at the same time.
Continue to learn, stay diversified according to your risk tolerance, stay disciplined, and rebalance. Education is your best defense against imprudent investing. Invest intelligently!
Past performance is no guarantee of future results.
▪ John and Scott
Global Health & Wealth (6:26)
Check out this amazing video segment that discusses the health & wealth of the world over the last 200 years. See why we are optimistic about the future, and why it is important to stay invested in a diversified portfolio. You will love this one. Enjoy.
Continue to learn, stay diversified according to your risk tolerance, stay disciplined, and rebalance. Education is your best defense against imprudent investing. Invest intelligently!
Past performance is no guarantee of future results.
▪ John and Scott
The Dollar Scare (5:30)
What happens if the dollar collapses and is no longer the "world currency?" Do currency shifts prevent equities from delivering returns? The best way to counteract currency risk is by holding a globally diversified portfolio.
Continue to learn, stay diversified according to your risk tolerance, stay disciplined, and rebalance. Education is your best defense against imprudent investing. Invest intelligently!
Past performance is no guarantee of future results.
▪ John and Scott
Economic Freedom & Quality of Life (2:26)
Economic Freedom and the Quality of Life is a short, informative video centered on the ideas of economic freedom and the societal benefits it produces. The video helps explain what economic freedom is and why it's key to improving society.
Continue to learn, stay diversified according to your risk tolerance, stay disciplined, and rebalance. Education is your best defense against imprudent investing. Invest intelligently!
Dedicated to Your Peace of Mind,
▪ John and Scott
Economics Lesson 101: By Milton Friedman (8:26)
Yes, the rich get richer in a capitalistic system. But the per capita per average citizen also improves exponentially. Rich people invest their capital and hire people. In a capitalistic society, the rich do not steal from the poor like in dictatorships. The size of the pie grows, and is available to most everyone that wants to work hard. Yes, as a society we must also take care of those that cannot take care of themselves. But if we have a wealthier nation, we can do a better job of that too. Watch this video to find out why it is OK and preferable to have more and more rich people, which in a capitalistic system also increases the wealth of the average citizens.
This is an important lesson to help us understand why it is important to continue to invest. A return on capital helps the investor and also helps increase the per capita income for the U.S. and the rest of the world. The numbers are indisputable.
Despite some flaws, capitalism is far superior to the equal division of misery in socialism & communism.
Continue to learn, stay diversified according to your risk tolerance, stay disciplined, and rebalance. Education is your best defense against imprudent investing. Invest intelligently!
▪ John and Scott
Mark Gives a Passionate Defense of Capitalism (6:42)
Mark gives a passionate defense of capitalism.
Continue to learn, stay diversified according to your risk tolerance, stay disciplined, and rebalance. Education is your best defense against imprudent investing. Invest intelligently!
Past performance is no guarantee of future results.
▪ John and Scott
Capitalism Creates Wealth (4:05)
In this video, we discuss the top 3 myths of capitalism. What an eye opening video. Forward this to everyone you know.
Continue to learn, stay diversified according to your risk tolerance, stay disciplined, and rebalance. Education is your best defense against imprudent investing. Invest intelligently!
Past performance is no guarantee of future results.
▪ John and Scott
Lesson 4: How Wealth is Created (34:27)
If you want to be a good investor, it is important to know how wealth is created so you can have the confidence you need to be a disciplined investor. This is a deep academic subject meant to stimulate your mind. Prepare to be challenged.
Continue to learn, stay diversified according to your risk tolerance, stay disciplined, and rebalance. Education is your best defense against imprudent investing. Invest intelligently!
Past performance is no guarantee of future results.
▪ John and Scott
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▪ John and Scott
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