PBS Commanding Heights Ep1 The Battle of Ideas DivX1 6

Commanding Heights: The Battle for the World Economy confronts head-on Americans' critical concerns about the new interconnected world. Based on the best-selling book by Pulitzer Prize-winner Daniel Yergin and Joseph Stanislaw, this groundbreaking series explores our changing world—the great debate over globalization and the future of our society.

Commanding Heights reunites the team that created The Prize— award-winning producer William Cran (From Jesus to Christ) and Daniel Yergin—and is the first in-depth documentary to tell the inside story of our new global economy and what it means for individuals around the world. Filmed on five continents, the powerful narrative combines stunning film footage with dramatic stories and extraordinary interviews with world leaders and thinkers from twenty different countries, including: Bill Clinton, Dick Cheney, former USSR President Mikhail Gorbachev, Mexican President Vicente Fox, Supreme Court Justice Stephen Breyer, Singapores Lee Kuan Yew, former Secretary of the Treasury Robert Rubin, Rep. Richard Gephardt, and President George W. Bush's Economic Advisor Lawrence Lindsey.

Commanding Heights dramatically captures the issues that have defined the wealth and fate of nations and shows how the battle over the world economy will shape our lives in the twenty-first century. http://www.kremsoft.com

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Education

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• economics
• pbs
• commanind heights

[amok52]

"government should run surpluses in good times so it can spend against the wind" thats the single point everyone needs to remember about keynesianism.

[HermannTheGreat]

@Nintendomanwill Sounds like exactly what is happening now.

[Nintendomanwill]

'The basic essential' of Keynesianiasm as the intellectual Lilliputian Galbraith put it was that the profit motive leads to underconsumption, by reducing spending during the 'Liquidity Trap,' assuming most fallaciously that the interest rate is a purely monetary phenomenon (Capital and Interest, Mr Keynes?!) and even more stupidly assuming that spending and monetary demand for currently produced final goods is required for employment. '

It's what people know that aint so.'

That's the problem.

[Nintendomanwill]

In other words by 1929 the banks who'd been lending devalued fractional reserves on margin didn't get returns, they'd embezzled people's money and lost it, this is because inflation was added to the already volatile banking system of exclusion of non investment banking by force thus allowing banks to inflate in order to fund government's enterprises which it can't do without losing elections if the bills were imposed by tax, by which the banks gained their inflationary cartel which stole gold.

[Nintendomanwill]

Roosevelt wasted American money on propaganda when they should've been paying for years of excess, a delayed payment that was compelled by inflationary floating of unsustainable industries. Banks collapsed from 1929 because they had deluded themselves as to the sustainability of many of their investments in investment saturated gluts for the Fed had disabled the price system conveying such diminishing returns by inflation. 'Commanding Heights' indeed. He then let banks steal ALL of the US's gold