098: Black Monday 1987 - The Day the Market F...

In this episode we turn to one of the most extraordinary and longest-lasting asset bubbles in modern history: the Japanese Asset Price Bubble of the late 1980s and early 1990s.This is the story of how Japan—once the miracle economy of the postwar world, the nation that seemed poi ...  Show more

In this episode we arrive at one of the most infamous and consequential financial catastrophes in modern history: the Wall Street Crash of 1929 and the Great Depression that followed in its wake.This is the story of how the Roaring Twenties - an era filled with jazz music driftin ...  Show more

In his latest memo, Howard Marks discusses the implications of governmental intervention in economies. Considering examples such as rent control, fire insurance, and tariffs, he emphasizes that while free markets don’t produce perfect solutions, efforts to control them often make ...  Show more

<span style="font-size: 12pt;"><span style= "font-family: 'Times New Roman', serif; color: black;">Modern economics was built on ideas spelled out by Adam Smith in his 18</span><sup><span style= "font-family: 'Times New Roman', serif; color: black;">th</span> ...

The classical economic assumption, from the days of Adam Smith, is that we all have free will and this freedom ensures the best possible outcomes for the economy, provided those decisions are based on greed and self-interest. This week’s episode opens with a student questioning M ...  Show more

Father of free market economics, Adam Smith was one of many great philosophers of the 18th century Enlightenment period. His philosophies helped change the economy, putting an end to the long-standing feudal system. But outside of his well-known works, such as The Wealth of Natio ...  Show more