The Cruise Ship Curse and why the Economy Booms and Busts
Justin Mohr Show
English - May 14, 2018 12:59 - 38 minutes - 35.6 MB - ★★★★★ - 112 ratingsNews Government austrian fed austrianeconomics basiceconomics dollar economics economics101 economy Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
The sign of massive bubbles blowing up in the economy is evident with the cruise ship industry. This Royal Caribbean has came out with its new ship, “Symphony of the Seas.” It’s the largest cruise ship the world! This sort of event is consistent with the Austrian view of the Business Cycle. Listen to this episode as I explain why an economy booms and why it busts. Recessions are also the necessary correction phase to actually have a firm foundation on the economy. I explain all this here and more so don’t miss it!