Thomas E. Woods speech on the Economic crisis & Federal Reserve (2/7)
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This video is a response to Thomas E. Woods speech on the Economic crisis & Federal Reserve (1/7)
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The boom and bust cycle is the result of land speculation. It roughly follows an 18 year cycle going back to 1819. Money exits the economy going after higher prices for land. The economy eventually starves for cash causing interventions that do not treat the actual problem of increasing speculative land values.
land4citizens 1 year ago