The Federal Reserve intentially removed money from the system to balance out the money supply with gold reserves to sustain the gold standard. The result was not enough money was left in the system to fund the economic system.
It is a good informative short. I happen to largely agree with Milton on most things. However, I am not sure how much useful information was conveyed. Maybe it is just this came up on my feed in a random fashion.
The 2007-2009 Financial Crisis did hurt the U.S. and the whole world the like of which we've never seen before. Some believe that it was the fruits of the destructive effects of the financial globalization with its associated deregulation and disintermediation of the financial market. However, consideration could be given as well to the findings of David Hume and Philipps Curve. What matters here is to make it easier for the financial globalization to have positive and significant impact on the real economy (investment, employment, productivity growth, prosperity and inclusion). U.S. is currently caught into a high-income trap while in the same time, the rise of the AI age is calling for a digital transformation (massive investment). An Expansive policy is needed while in the same time, we are called to do whatever it takes to contain the cost-pull inflation.
Excellent summary!
The Federal Reserve intentially removed money from the system to balance out the money supply with gold reserves to sustain the gold standard. The result was not enough money was left in the system to fund the economic system.
Love this topic!
The Fed goosed rates in 27 at the behest of the English and blew a bubble.
It is a good informative short. I happen to largely agree with Milton on most things. However, I am not sure how much useful information was conveyed.
Maybe it is just this came up on my feed in a random fashion.
The 2007-2009 Financial Crisis did hurt the U.S. and the whole world the like of which we've never seen before.
Some believe that it was the fruits of the destructive effects of the financial globalization with its associated deregulation and disintermediation of the financial market.
However, consideration could be given as well to the findings of David Hume and Philipps Curve.
What matters here is to make it easier for the financial globalization to have positive and significant impact on the real economy (investment, employment, productivity growth, prosperity and inclusion).
U.S. is currently caught into a high-income trap while in the same time, the rise of the AI age is calling for a digital transformation (massive investment).
An Expansive policy is needed while in the same time, we are called to do whatever it takes to contain the cost-pull inflation.
Insufficient signal recognition.
Where did the money go?
Woodrow willson. Jp morgan. Rockafeller. Jekyl island. Federal reserve.
Where milton failed was a proper account of history.
This is click bate. Milton details how the Great Depression started. This clip does none of that.
Bankers.
Keep guessing
It seems to me the cause of great depression was Prohibition. I think the cause of the decay of Soviet Union also was Prohibition.