the sort of-- having this sort of curated reality by the society outside of us for questionable reasons often, monetary reasons or reasons of capitalism.And so I was playing with that kind of thing, too.
to the very founding of our country where you can now go see Hamilton if you can afford a ticket and uh and see monetary policy set to rap music which I think is a first but probably not theonly example of this um what's the big challenges what do you see is the challenges now that you face
Will we not go bankrupt? monetary policy -- fiscal policy the same way we have confiscated fiscal policy two generations ago, by creating -- it's okay.
jobs for people on farms that paid all that much. monetary theorists have come up with an alternative plan which is to not issue treasuries for the government to just spend like a good idea or --
come to an end when this deleveraging subsides I believe that the fed's monetary policy and the government fiscal stimulus will take effect and it will causeinflation the dollar is likely to stall it could even plummet um you have to look at it this
up a bubble uh in the 1920s for the same reason they blew up uh this time around. Monetary policy was too easy. They kept interest rates too low. And we had a stock market bubble. the bubbleburst and Herbert Hoover rather
very wealthy, but typically the tightness of money because during that spot, there's inflation pressures and central banks decide that they want to tighten monetary policy and so on. It becomes that the amount of money that I can get by owning that debt at the higher interest rates is greater than the amount of money I could get on my
But then these people are told, oh, you should be happy. Your monetary economy is 20% higher. But should they? Well, we need to discuss these things at least.
tour it's basically a legal wrong that you know the the victim is entitled to uh monetary remedy for um and so few of the ideas of privacy that I think are Antiquated um one is that the law currently views privacy in a binary
you. We're going to incentivize you and reward you based on your performance. So if you do reasonably well, you get this small monetary reward. If you do medium well, you get a medium monetary reward. But if you do really well -- if you're one of the top performers -- you get a sizable monetary reward." Okay?
And what he will get at Chicago is the remnants of a monetary understanding of the economy. And so his teachers, they don't know exactly what's going on, but they look first to the banking crisis.
And the reality is that we had a fiscal deficit, which amounted to 15 % of GDP, 5 points were in the treasury, 10 points were in the central bank, which was endogenous monetary issuance. And the reality is that we also had interest bearing liabilities at the central bank equivalent to four monetary bases, maturing in one day,
And the management at General Electric began to worry that this question of laboratory-grown diamonds was going to be gimmicky at best, and a total monetary sinkhole. And so by December of 1954, the team really needed to be able to produce concrete, tangible results.
So that's why we wanted to start Original Flava in the first place, was just to help our friends. There was no monetary involvement in it or any backing from anybody. It was literally just us learning YouTube tutorials on how to do video and Premiere Pro, how to do video recipes and stuff like that.
I was given a subgovernor for monetary policy. My PhD is on monetary policy and public debt management. And my friends, as you mentioned, at the IMF were very worried.
There's no monetary gain.
But the monetary elements of that enabled certain countries, and certain companies, and certain stocks to go higher simply because there was an outside artificial source
and that monetary policy was more closely connected to the real economy.
from a monetary standpoint is because it helps their economic superpower status.
a viable monetary solution for you.
And there is monetary value to their art.
So the International Monetary Fund, that well-known left wing think tank, suggests that those subsidies are about $5.3 trillion.
raise interest rates it kind of cool the economy down slow it to a more sustainable Pace economy's weak like in a recession you lower interest rates and try to stimulate spending monetary policy is very simple it causes some people to go from being a saver to being a spender it's you know very Keynesian in that way that with with low interest rates you're willing to spend a little
There is monetary value to agglomerating people through expanded transit.
So in monetary policy, for instance, there's a rich body of research about the role of simple rules.
and it surpasses the monetary value of the piece.
Position and monetary reward were important for women, not saying that.
The International Monetary Fund went to Barbados and sat down with the leadership and said, we think that you need to devalue your currency.
We've got expansionary monetary policy.
In terms of monetary buy in, we really believe in market mechanisms where they work.
to really see the monetary results you want to see, you're going to have to invest in a movement. Now you've already invested six years into us. What do you want to do? And
The first treatment was monetary : "You know, you could save 50 bucks every month if you turn off your AC and switch to a fan."
Will we not go bankrupt? If politicians had monetary policy at their disposal what would be the result?
Will we not go bankrupt? So that's the monetary policy story.
jobs for people on farms that paid all that much. If you expand monetary policy at the same time you will have an expansive fiscal policy.
- Yeah, absolutely. Friedman believed in being able to say, "I was wrong." And there are some things he said he was wrong about. We'll delve more into monetarism and monetary policy, but he was able to talk about the ways his ideas hadn't mapped onto the world the way he thought they would. He does a really interesting interview at the end of his life where he's beginning to voice some doubts about globalization, which he was sort of a prophet of globalization,
If you've made a monetary deposit, which would have been custom and practice, you're going to go and claim the painting.
It doesn't have to be monetary .
So I was very excited. I was given a subgovernor for monetary policy. My PhD is on monetary policy and public debt management.
can benefit in that as well monetary -wise.
But out of that became the International Monetary Fund, the Bretton Woods Agreement, a revived United Nations.
both from a trade perspective and a monetary perspective-- superpower.
And so we basically depend on monetary donations to continue to grow and expand.
When we're investing there for a monetary profit, it's totally obvious that of course we're going to be interested in the data,
So their incentive is not necessarily just monetary because they get no benefit.
market it's not that we're trying to boost the stock market it's that that's just the way monetary policy Works what we're trying to do is boost the economy create more jobs but the way monetary policy works is by basically easy monetary policy is going to move up asset prices it's going to all else equal push down the value of the dollar and all you know and bring down mortgage
reconcile these two things is should the uh employment to population ratio be a center of the debates in monetary policy uh so the unemployment rate the u3 unemployment rate the standard one uh is
the gold standard is about a defined monetary unit that is a weight and a measure.
and allows Europe to unite in a monetary union without money being in the hands of politicians?
The idea there was to create a monetary system that is global, with a surplus recycling mechanism very