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Chapters & Sections (107)
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0:06
Music and Introduction
1:13
More Music and Transition
12:52
George Seljin's New Book
14:26
Discussion of the New Deal
15:58
Initial Progress of New Deal
16:29
Gold Rush and Economic Slowdown
18:03
Roosevelt's Gold Purchase Program
19:35
Glass-Steagall Act of 1932 and Its Relevance to Recovery
20:06
Reconstruction Finance Corporation's Impact on Recovery
21:10
Recapitalization of Banks and Its Effectiveness
22:11
Agricultural Adjustment Act's Failure to Stimulate Recovery
23:47
Roosevelt's Opposition to Deposit Insurance
24:18
Deposit Insurance and Banking System Stabilization
25:20
Federal Reserve Act of 1935 and Monetary Policy
27:28
Monetary Policy Emphasis Over Fiscal Stimulus
28:31
Taxation and Regressive Taxes
29:31
Smoot-Hawley Tariff Act's Impact on the Great Depression
30:34
Policy Uncertainty and Certainty
31:04
Regime Uncertainty and Investor Behavior
31:34
Investment Spending and Recovery
32:06
Uncertainty as a Barrier to Recovery
32:37
Causes of the Second Great Depression
33:09
Monetary Policy and Inflation Concerns
34:11
Fiscal Constraint and the Outbreak of Depression
34:42
Fiscal Retrenchment and Monetary Policy Conjunction
35:14
Critique of Kanes' Writings on New Deal Policy
35:45
Kanes' Advice to Roosevelt on Depression and New Deal
36:16
Uncertainty, Regime Uncertainty, and New Deal Critique
36:49
Reform vs Recovery and Gold Purchase Program Critique
38:24
FDR's Sympathy with Mussolini and Fascist Ideology
39:29
FDR's Political Calculations and Compromises
40:02
Comparing FDR to Fascist and Socialist Figures
41:04
Austrian Economists' Diagnosis of the 1930s
42:41
Inconsistencies between Practical Recommendations and Austrian Theory
43:14
Early Chicago School's Fiscal Policy
43:47
Fischer and the Managed Fiat Dollar
44:21
Fractional Reserve Banking and Banking Crisis
44:52
Universal Banking Systems in Japan, Germany, and Canada
46:23
US Banking System Limitations and Restrictions
47:56
Concentration of Banks and Deposit Insurance
48:26
Regulatory Restrictions and Banking System Structure
49:29
Free Market Banking System and Competition
50:33
Preventing Government Bailouts of Big Banks
51:04
Alternative Banking System without Government Interference
52:06
Critique of the Quantity Theory of Money
54:14
The Rate of Change and Velocity
54:45
Correlation Data and the Quantity Theory
55:46
Changes in Monetary Policy Since 2008
56:20
The Need for Central Bank Independence
57:55
Proposal for a Frozen Monetary Base and Fiat Money
58:28
Free Banking with Fiat Standard and Robustness in the Banking System
58:59
Managing Monetary Base and Central Authorities
59:30
Night Watchman Fed and Interest Rate Control
1:00:01
Dollarization Reform and Fiscal Restraint
01:01:37
Economists' Blackboard Economics and Dollarization Comparison
01:02:10
Relevance of Central Bank Management Records for Dollarization Comparison
01:02:40
Stable Coins, Banking Lobby, and Regulatory Arbitrage
01:03:11
Stable Coins' Potential Impact on Banks and Regulatory Concerns
01:04:14
Regulation of Stable Coins for Reliability and Accountability
1:05:15
George's Involvement with Donkey Reservation and Adoption
1:06:19
Donkey Population and Therapy
1:07:21
George's Shift from Libertarianism
1:08:52
Regulations and the Failure of the Gold Standard
1:09:23
The Problem with Central Banks and Commitment to Gold
1:09:54
Network Problems and the Lack of Trust in a New Gold Standard
1:10:24
Personal Anecdotes and Positive Surprises in Nanducia
1:12:00
Spanish Language and Travel Plans
1:12:33
Learning Railroad Lingo for Spanish Vocabulary
1:13:03
Book Recommendation and Euro Zone Discussion
1:14:05
George's Thoughts on the Euro Zone and Currency Reform
1:14:36
Ambivalence about Britain's Decision to Leave the Euro Zone
1:15:07
Discussion on US Economy and World War II
01:16:15
The Common View of the US Depression and Wartime Spending
01:16:46
The Keynesian View of the Depression and Wartime Spending
01:17:18
The Role of the War in Changing Government Attitude towards Business
01:17:49
The Impact of Wartime Spending on the Economy and Recovery
01:19:25
The Relationship between AI, Productivity, and Deflation
1:20:28
Technical Innovation in the 1930s and Its Impact on Labor Markets
1:21:29
The Relationship Between Productivity and Depression
1:22:00
The Impact of Potential Output on the Recovery from the Great Depression
1:23:01
The Consequences of a Loss of Central Bank Independence
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