251 – How Banks and Faulty Economics Contribute To The Consumer Debt Binge
Debt Free in 30 · Doug Hoyes
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Show Notes
My guest today is Hilliard Macbeth, an investment portfolio manager and author of When the Bubble Bursts: Surviving the Canadian Real Estate Crash. When Mr. Macbeth first appeared on this podcast just over 3 years ago we discussed his prediction that the real estate bubble would burst.
My first question to him today: did it? Was your prediction wrong?
We also discuss how money is actually created (it's not how you think) and how banks and faulty economic thinking have contributed to our massive levels of debt.
He's got advice if you are thinking of buying a home, so this is a "must listen" episode.