About two weeks ago, I spoke at the Mises Circle in Toronto, organized by the Ludwig von Mises Institute of Canada. My lecture was on “Monetary Policy and the Great Recession”, but I focused on monetary equilibrium theory. I criticized any attempt to “stabilize spending” (like NGDP targeting) during deflationary spirals caused by previous fiduciary overexpansion — a similar criticism was published on Cobden Centre in late August.
The lecture was been put on video. It was my first lecture of any kind. I was nervous, and I wasn’t well enough prepared for it. I decided to write out the entire lecture and print it, but then I realized that the font was not big enough. Judge it as you will. My only request is for you to be nice!
Enough self-hate, though. I thought I’d share the video of the lecture with you all,