Daniel Lacalle: ECB's stealth nationalization of the economy | GoldRepublic Podcast #21 (Part 1/2)

How do central banks grow beyond their initial role as lender of last resort to buyer of first resort? Why is quantitative easing monetary laughing gas?

Renown economist Daniel Lacalle (Tressis) discussed with Alexej Jordanov and Bart Brands the Austrian School of Economics,  why Modern Monetary Theory will always fail, escaping the Central Banks' money printing, ECB policies and debunking its power over the economy.

⏰ Topics ⏰
00:00 Intro
02:11 Austrian School of Economics
03:22 Economics vs Science
07:22 Modern Monetary Theory will always fail
14:08 US/EU Exporting inflation to the rest of the world
18:56 Escaping the Central Bank trap
21:45 Central Banks: powerful or powerless?
28:00 Perverted incentives lead to bad policies
33:46 Outro

💡 About Daniel Lacalle
Daniel Lacalle is a Chief Economist at Tressis and a fund manager who holds a PhD in Economics and has a CIIA financial analyst title. He is author of “Life In The Financial Markets” and “The Energy World Is Flat” (Wiley) as well as “Escape from the Central Bank Trap” (BEP).

He has been ranked as one of the Top 20 Economists in the World by Richtopia and has over 30 years of experience in the energy and finance sectors.

Daniel is a regular commentator on CNBC, Hedgeye, Real Vision, El Español, El Mundo, The Commentator, and Wall Street Journal.

👉 Website: https://www.dlacalle.com/en/
👉 YouTube: https://www.youtube.com/c/DanielLacalleInEnglish
👉 Twitter: https://twitter.com/dlacalle_IA

🎙️ GoldRepublic Podcast 🎙️
A podcast inviting guests with valuable insights into the emergence of a new monetary system through the lens of precious metals, cryptocurrencies and other financial instruments presented by Bart Brands, Precious Metals Specialist and Alexej Jordanov, Content Architect at GoldRepublic.

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