Do central banks stabilize or destabilize economies? w/ Addison Wiggin, NYT-bestselling-author - EP196

<p>The episode delves into the effectiveness of monetary policy by central banks in managing the economy over the business cycle. Do the actions of central banks stabilize or destabilize economies? Show host Gene Tunny chats with Addison Wiggin, a bestselling author, market economist, and host of the Wiggin Sessions podcast, about monetary policy and financial crises. Addison also shares some reflections on the US debt ceiling drama. This is part 2 of the conversation Gene held with Addison in early June 2023, the first part of which was released as EP192 on the US banking crisis.</p><p>Please get in touch with any questions, comments and suggestions by emailing us at <a href="mailto:contact@economicsexplored.com">contact@economicsexplored.com</a> or sending a voice message via <a href="https://www.speakpipe.com/economicsexplored">https://www.speakpipe.com/economicsexplored</a>. </p><h3>About this episode’s guest: Addison Wiggin</h3><p>Three-time New York Times best-selling author,<a href="https://kitcaster.com/addison-wiggin/"> Addison Wiggin</a>, is a 30-year market economist with a passion for the real-world impact of financial markets on our lives. Addison is the author and host of<a href="https://thewigginsessions.com/"> The Wiggin Sessions</a>, a podcast that connects key thinkers and industry experts for a deep dive into history, politics, and economics. Some of his most accomplished works as a writer, publisher, and filmmaker include the New York Times Best Seller<a href="https://thewigginsessions.com/read/books-by-addison-wiggin/"> The Demise Of The Dollar</a> and the documentary<a href="https://www.amazon.com/I-U-S-Nation-Under-Stress/dp/0470222778/ref=sr_1_2?keywords=IOUSA&qid=1678120564&sr=8-2"> I.O.U.S.A</a>, an exposé on the national debt crisis in America.</p><h3>What’s covered in EP196</h3><ul><li>How is it that the US dollar can be the reserve currency of the world? (2:37)</li><li>Why not just accept that the business cycle is a thing and not do anything about it? (7:25)</li><li>Minsky’s instabil