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
Only 5 hours left on this playlist after a week of watching multiple videos each day (1.3x speed). This has been an immensely helpful resource. Your passion is infectious.
The 1930s were also the hottest and driest decade in recorded history, causing severe droughts and driving farmers out of business. Tony Heller covers this on his channel. He collects old newspaper articles from back then.
So the Fed's original stated reason for its existence was to be the lender of last resort to the banking system, and yet over 5000 banks failed in 3 years, wiping out 9 million savings accounts.
Hi Professor Barth I really enjoy your series on the history of money. My question is: is the gold standard incompatible with fractional reserve banking? It seems that the run on the banks occurs as depositors are afraid of losing their life savings. This leads to the gold withdrawal which the gold standard would combat with rising rates, which would make the condition of the economy worse, putting more negative pressure on the banks. In this case the gold redeemability should just have been suspended, don’t you think? Thx
It seems to me, a Bull Market is not a sign of a strong economy. It's a symptom of too much money printing causing inflation in futures markets that later spreads to retail goods.
It looks like Andrew Mellon understood this, and saw the crash as an opportunity to liquidate unsound businesses and let the economy rebuild on a solid foundation. It's too bad Hoover went wobbly on capitalism.
@@ProfessorBarth But haven’t we gone beyond that? Will it just be an endless cycle of the Fed bailing out the government while knowing full well it can all never be repaid???
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
Underrated channel.
Thank you friend
Every voter should watch this series from start to finish.
Thank you for your Work.
My pleasure
Thank you, thank you, thank you!! For taking the time to make these!
Only 5 hours left on this playlist after a week of watching multiple videos each day (1.3x speed). This has been an immensely helpful resource. Your passion is infectious.
The 1930s were also the hottest and driest decade in recorded history, causing severe droughts and driving farmers out of business. Tony Heller covers this on his channel. He collects old newspaper articles from back then.
So the Fed's original stated reason for its existence was to be the lender of last resort to the banking system, and yet over 5000 banks failed in 3 years, wiping out 9 million savings accounts.
Hi Professor Barth
I really enjoy your series on the history of money. My question is: is the gold standard incompatible with fractional reserve banking? It seems that the run on the banks occurs as depositors are afraid of losing their life savings. This leads to the gold withdrawal which the gold standard would combat with rising rates, which would make the condition of the economy worse, putting more negative pressure on the banks.
In this case the gold redeemability should just have been suspended, don’t you think? Thx
It seems to me, a Bull Market is not a sign of a strong economy. It's a symptom of too much money printing causing inflation in futures markets that later spreads to retail goods.
It looks like Andrew Mellon understood this, and saw the crash as an opportunity to liquidate unsound businesses and let the economy rebuild on a solid foundation. It's too bad Hoover went wobbly on capitalism.
Shhhh...
Again, I wish you would tell the whole story. Honestly.
What do you thinks gonna happen this time around? 😞
More bailouts, more QE, and more inflation.
@@ProfessorBarth But haven’t we gone beyond that? Will it just be an endless cycle of the Fed bailing out the government while knowing full well it can all never be repaid???
Quiz: Name the only stock still on the S&P from October 1929?
Another quiz: who was President when the Dow Jones finally achieved its high from 1929?
Hoover just sucks.