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Podcast: Wealth Formula Podcast
Episode: 326: 200 Years of Financial Panics
Description: When I think about all of what has happened to our economy over the past two decades, it's quite astounding. National debt has gone up by about 5x. Interest rates hovered at nearly zero for multiple years and we went through multiple shocks to the system like the 2008 meltdown and Covid. Again—all in the last two decades! This week's guest on Wealth Formula Podcast has seen a lot more than I have as he served in the Reagan administration at a time when Paul Volker used significant interest rate increases to bring down hyperinflation and he was deeply involved in...