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
Lol I love how UA-cam slaps a warning label on this video about the "robust safeguards" in U.S. elections. The algorithm couldn't figure out that it's the 1932 election.
" The only thing We have to Fear is Fear Itself" Is such great Madison Ave. spin on Seneca's classic " We suffer more in imagination than in reality" Thank you for sharing this course
@@ProfessorBarth have you given any thought on how you would create a monetary system if u were given that task? 🤔 i like the idea of bitcoin but im also very wary of depending on too much technology for our economy 🤔 i perfer anti fragile systems 🤔 i work for walmart so i know the weaknesses of the Just In Time and digital systems 🤕
Oh man, that's a big question. There's a difference between my ideal system and a reformed system that I think is politically achievable. Ideally, I really like free banking, with notes and deposits backed by a bimetallic system of gold and silver coins. To avoid the pitfalls of Gresham's Law, I would arrange for floating exchange rates between gold and silver, tracked in realtime via smart devices. My ideal would not include the Federal Reserve, or any central bank at all, but rather clearinghouse associations that function as a lender of last resort. I do not oppose fractional reserve banking, but I oppose monetary regimes that award the banks special privileges -- including bailouts, which create moral hazard. I'm still unsure about Bitcoin, but I am certainly open to it and not opposed to people (or banks) utilizing it. More practically speaking, in the near term, however, I support a full audit of the Federal Reserve and a return of anchoring the dollar in some commodity or basket of commodities.
That being said, I truly am open minded about our monetary system, and my opinions as to the ideal system vary and change from time to time. My only firm conviction is that the current system does not function well, and requires significant reform.
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
Lol I love how UA-cam slaps a warning label on this video about the "robust safeguards" in U.S. elections. The algorithm couldn't figure out that it's the 1932 election.
Gotta love technology 🙄
Yay big tech control!
" The only thing We have to Fear is Fear Itself" Is such great Madison Ave. spin on Seneca's classic " We suffer more in imagination than in reality" Thank you for sharing this course
thank you for your work, Professor Barth
That is the first time I heard the warnings from Hoover about the change forever with Roosevelt
I had never heard/read that Roosevelt may have had Guillain Barre rather than Polio.
Feels like we are stuck in an infinite loop.
If does, but we are actually traveling towards something.
Yah i got caught up 😃, this series is awesome 😃
Thanks for the kind words, glad you've enjoyed it! Almost done with the series! (The final lecture will be on Bitcoin).
@@ProfessorBarth have you given any thought on how you would create a monetary system if u were given that task? 🤔 i like the idea of bitcoin but im also very wary of depending on too much technology for our economy 🤔 i perfer anti fragile systems 🤔 i work for walmart so i know the weaknesses of the Just In Time and digital systems 🤕
Oh man, that's a big question. There's a difference between my ideal system and a reformed system that I think is politically achievable. Ideally, I really like free banking, with notes and deposits backed by a bimetallic system of gold and silver coins. To avoid the pitfalls of Gresham's Law, I would arrange for floating exchange rates between gold and silver, tracked in realtime via smart devices. My ideal would not include the Federal Reserve, or any central bank at all, but rather clearinghouse associations that function as a lender of last resort. I do not oppose fractional reserve banking, but I oppose monetary regimes that award the banks special privileges -- including bailouts, which create moral hazard. I'm still unsure about Bitcoin, but I am certainly open to it and not opposed to people (or banks) utilizing it. More practically speaking, in the near term, however, I support a full audit of the Federal Reserve and a return of anchoring the dollar in some commodity or basket of commodities.
That being said, I truly am open minded about our monetary system, and my opinions as to the ideal system vary and change from time to time. My only firm conviction is that the current system does not function well, and requires significant reform.
@@ProfessorBarth i agree, our current Monetary and Tax system is garbage and it doesnt have to be this way 😤