Federal Reserve Series, Part One: Interest Rates and the Austrian Theory of the Business Cycle
Uploader Comments (jebarth3)
All Comments (14)
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Excellent job! We need more people like yourself educating people on the difference between Capitalism and Crony Capitalism. Keep up the good work.
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I didnt understand anything.
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boom/bust/genocide cycle. you keep forgetting the last most important part. if people knew about that last part, they would never take out a loan ever again and life would be fixed for everyone.
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Artificially low interest rates causes risky speculation.
The genius inventor should save and then start a corporation where investors who see the light in his ingenious design can buy share in his idea.
Why has it become so common for people to start small businesses on credit? If you need a loan, you probably aren't good for the money. There are anomalies who have become very rich starting a business on loan, but most of them just go under within their first year.
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Hotspot Shield is free and makes web surfing more private and secure. Makes it harder for government prying eyes to see.
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@jimbobubbadj - Awesome, thanks for your support in all the videos, i enjoy your feedback! It's funny because you're probably getting a more worthwhile education than most average college students - self-education is always one of the best forms of education. Seeking out knowledge on your own; studying it outside of the school apparatus. The Internet is beautiful because it makes self-education more possible than ever (which is also why we must resist the govt's ever-growing call to regulate it)
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"the freemarket caused this" , "greed caused this" and " allowing the collapse of Lehman Brothers did this"...every time I hear this stuff it makes my ears bleed. Don't forget about the Plunge Protection Team that was created by Executive Order 12631 on March 18, 1988 by President Ronald Reagan.
false false false, saving is impossible bc any surplus will go on debt payments. Less saving wont bring up the interest rates bc government will print money and make additional debts. Your model works in a theoretical well equilibrated world.
blepat 1 year ago
@blepat - You obviously didn't watch my entire video because I explain all of that (including the money printing) in the second half. The first half was a free-market economy without the Fed (so yes, theoretical); and then I explained how the Fed distorts that and how it prints money to keep the interest rate low
jebarth3 1 year ago
very good video. i wish it was easier to get everyday people to watch videos like this. very easy to understand and very good explanations
reverendjordan 1 year ago 2
@reverendjordan - thanks for the kind words; and yea it'd be nice to have more people watching videos about topics like these, but Americans are still so enchanted by menial things like celebrity culture, reality TV, sports obsessions, etc.. its amazing they don't see the value in knowing whats going on around their country and the world. Previous generations of Americans did, not anymore. It's starting to change though, I think
jebarth3 1 year ago