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The recession has started.

Sabrin Murray 2.26.18 04

I am pleased to announce that I will be team teaching The Economics of Healthcare and Wellness—Focus on Transformative Solutions beginning on January 24th (new date). 

You can register by scrolling down the above link to view the syllabus and course fee. The course is sponsored by IPAK-EDU, an online education organization with dozens of courses taught by experts in various scientific and other fields.  Use coupon code JACKSAYS75 to get 25% off.

Murray’s Newsletter is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber.

A recession/depression is inevitable after the Federal Reserve lowers interest rates to “stimulate” the economy creating an unsustainable boom.  That has been the pattern of the boom/bust cycle since the Fed was created in 1913. 

The current boom/bust cycle is no different.  The Fed lowered interest rates (fed funds rate) to virtually zero in 2020 in response to the Covid lockdowns.  Previously, the Fed’s monetary stimulation after the Great Recession ignited the boom that was beginning to unwind when interest rates began rising prior to Covid.

I explain all the economic ramifications of the Fed’s manipulation of interest rates in my Navigating the Boom Bust Cycle.

In the meantime, Ryan McMaken provides proof that a recession is in its early stages.  Typically, the Fed would lower interest rates when it becomes obvious to the Fed policymakers that the economy needs to be “stimulated” to boost production, consumption, and employment. 

In other words, the Fed creates the boom, the recession is when the economy is eliminating the distortions created by easy money.  And the cycle keeps being repeated. 

At some point the money printers at the Fed will have to decide to do the right thing, namely, stop manipulating interest rates and printing money.  Wall Street thrives on cheap money so don’t expect the End the Fed chants coming from the canyons of lower Manhattan. 

To learn more about the Fed and its policies the Mises Institute is having a one-day session in Tampa on February 17. 

If you would like to attend as my guest (no fee for the morning and afternoon events), email me with your name and town.  The first 10 people to sign up will get an opportunity to hear insightful presentations about the Fed and inflation. 

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“There is a right way and a wrong way, always choose the right way.”  Abraham Sabrin (1914-2001) “Prediction is very difficult, especially if it’s about the future!”  Niels Bohr

Every Wednesday at 11:05am talk show host Gary Nolan and I discuss the economy and politics.  The Fort Myers Mises Circle presentations are available online

Latest podcast on healthcare with host Johnathan Westover; Incentivizing wellness podcast with Bernadette Pajer; the Human Action podcast with Bob Murphy on my American journey; Joseph Cotto and I discuss Argentina and the US, and the Human podcast with Bob Murphy on healthcare; Robert Scott Bell and I discuss healthcare on the second hour of his podcast.

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Murray Sabrin, PhD, is emeritus professor of finance, Ramapo College of New Jersey. Dr. Sabrin is considered a “public intellectual” for writing about the economy in scholarly and popular publications. His new book, The Finance of Health Care: Wellness and Innovative Approaches to Employee Medical Insurance (Business Expert Press, Oct. 24, 2022), and his other BEP publication, Navigating the Boom/Bust Cycle: An Entrepreneur’s Survival Guide (October 2021), provides decision makers with tools needed to help manage their businesses during the business cycle.  Sabrin’s autobiography, From Immigrant to Public Intellectual: An American Story, was published in November, 2022.

Murray’s Newsletter is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber.

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