We learned about a 2nd cause of the Boom Bust Cycle, that being artificial monetary stimulus (money creation).
We watched some clips from the web regarding these topics, particularly the Daily Show's Big Bank Theory.
We read from our Capitalism book regarding the salaries of athletes and CEOs.
After the break a student led a discussion regarding some quotes from Bastiat's The Law, regarding what legal plunder is and whether we should fight it or take part in it. The discussion went well for those who participated.
