E80: Money Creation, Economy, Real Estate Market

Mark and Jeff welcome appraiser and economist Kevin Hecht for a conversation on how money is actually created in today's economy, the current economic landscape, and what it may mean for the housing market and the appraisal profession. While central banks often get the spotlight, they aren't the only institutions that create money. Kevin explains how bank lending expands the money supply and how the way that money flows through the economy can either fuel asset bubbles or support the productive creation of goods and services.