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Easy Chair No. 127, July the 26th, 1986 "Understanding Market Cycles and Speculation: Insights from Easy Chair No. 127
In this broadcast, R.J. Rushdoony, with Dan Harris and James Flanagan, explores the U.S. economy, financial markets, and speculation trends in 1986. They begin by discussing high-profile cases, such as the Hunt brothers’ legal battles with banks, highlighting what they describe as the “cannibalization” of strong companies by lenders and the broader economy. The conversation emphasizes the shift of capital from productive enterprises to government bonds, commodities, and speculative instruments, reflecting investor preferences for security or high returns over entrepreneurial risk. Harris and…
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