Follow me on Twitter: twitter.com/Professor_Barth If you enjoy this channel and want to support: www.patreon.com/professorbarth Buy my book: www.amazon.com/Currency-Empire-Seventeenth-Century-English-America-ebook/dp/B08L6ZPV19/ref=sr_1_1?keywords=currency+of+empire&sr=8-1 History of Money playlist: ua-cam.com/play/PLinliDgP9EbScxfH5wxoX8I_HNRSElqZ_.html Foundations of Western Political Thought playlist: ua-cam.com/play/PLinliDgP9EbRu4qZn8SJFgysSQB5I4c-L.html
Dr. Barth, thank you for presenting alternatives to Keynesianism. If more people had understood that the market needed to correct itself (and shouldn't have been tampered with in the first place), perhaps many of the 20th Century's calamities could have been avoided.
The New Deal didn't solve anything in any systemic manner; it was a temporary bandaid that, first, prevented a total collapse of the banking system in 1933, and second, provided government jobs to many Americans despite the persistence of an unusually high unemployment rate through the mid-1930s. The mass production of WWII is certainly what finally got the US climbing out of the depression. Here's a detailed Austrian explanation of the '37-38 Recession: mises.org/library/dangerous-lessons-1937
@@ProfessorBarth could you ever call into the Majority Report or Thom Hartmann or maybe do a debate on modern day debate? I think you know your stuff and more people should hear about you.
Thanks Noah, yea I'd like the additional exposure, always open to those ideas. I'm hoping to build that rapport gradually; my first book is coming out in June 2021, so that might usher in new opportunities. Preorder is available here:
@@ProfessorBarth In April, 1930 JP Morgan and 29 other banks got together can crashed the entire system so they could foreclose on thousands of Americans.
Yea April 1930 is around the time the stock market took another big dip. In the months before, most people, including Hoover, thought that the economy was well on its way to recovering from the October 1929 crash. I'll look into what you're talking about.
It's not always a conspiracy, but believe it or not, big finance does not always have the public's best interest at heart. Sometimes the interests of finance align with the public interest; other times they collide.
The market is only analagous to language in a world where only the wealthy have a say. We tried the Keynes thing through the 70's, now we do the Hayek thing-how's it working out?
Follow me on Twitter:
twitter.com/Professor_Barth
If you enjoy this channel and want to support:
www.patreon.com/professorbarth
Buy my book:
www.amazon.com/Currency-Empire-Seventeenth-Century-English-America-ebook/dp/B08L6ZPV19/ref=sr_1_1?keywords=currency+of+empire&sr=8-1
History of Money playlist:
ua-cam.com/play/PLinliDgP9EbScxfH5wxoX8I_HNRSElqZ_.html
Foundations of Western Political Thought playlist:
ua-cam.com/play/PLinliDgP9EbRu4qZn8SJFgysSQB5I4c-L.html
Dr. Barth, thank you for presenting alternatives to Keynesianism. If more people had understood that the market needed to correct itself (and shouldn't have been tampered with in the first place), perhaps many of the 20th Century's calamities could have been avoided.
So as your graph shows the money supply went consistently up from 1933 until 1939...so what caused the recession of 37-38?
So Prof what caused the 1937 recession and then fixed it?
The New Deal didn't solve anything in any systemic manner; it was a temporary bandaid that, first, prevented a total collapse of the banking system in 1933, and second, provided government jobs to many Americans despite the persistence of an unusually high unemployment rate through the mid-1930s. The mass production of WWII is certainly what finally got the US climbing out of the depression. Here's a detailed Austrian explanation of the '37-38 Recession: mises.org/library/dangerous-lessons-1937
@@ProfessorBarth could you ever call into the Majority Report or Thom Hartmann or maybe do a debate on modern day debate? I think you know your stuff and more people should hear about you.
Thanks Noah, yea I'd like the additional exposure, always open to those ideas. I'm hoping to build that rapport gradually; my first book is coming out in June 2021, so that might usher in new opportunities. Preorder is available here:
@@ProfessorBarth Did that book come out?
@@fletchergull4825 yes
Thank you 🙏🏻
I believe Echols started off loaning money to his siblings and half siblings when he was 13. Hey, that's 21 loans!
No one talks about what JP Morgan did in 1930 that really kicked the whole thing off.
What are you referring to specifically?
@@ProfessorBarth In April, 1930 JP Morgan and 29 other banks got together can crashed the entire system so they could foreclose on thousands of Americans.
Yea April 1930 is around the time the stock market took another big dip. In the months before, most people, including Hoover, thought that the economy was well on its way to recovering from the October 1929 crash. I'll look into what you're talking about.
@@copperbackpack2025 Yeah, it's all a conspiracy of these big bankers that set together to do these crisis, just end the FED!
It's not always a conspiracy, but believe it or not, big finance does not always have the public's best interest at heart. Sometimes the interests of finance align with the public interest; other times they collide.
The market is only analagous to language in a world where only the wealthy have a say. We tried the Keynes thing through the 70's, now we do the Hayek thing-how's it working out?