Alan Greenspan: The bubble economy - Is this time different? | LIVE STREAM
Two decades after Alan Greenspan’s famous “irrational exuberance” speech at AEI in 1996, global asset market prices again appear to be frothy. Years of highly unorthodox monetary policy have contributed to record-high global stock market prices, unprecedentedly low and even negative government bond yields, and renewed housing market bubbles.
This seminar will discuss whether the world economy is now experiencing an asset market price bubble and what might be done to prevent such bubbles from forming. It will also consider how policymakers might better respond to the bursting of bubbles to avoid a repeat of the boom-bust cycles of recent years.
Subscribe to AEI's KZread Channel
kzread.info...
Like us on Facebook
/ aeionline
Follow us on Twitter
/ aei
For more information
www.aei.org
Third-party photos, graphics, and video clips in this video may have been cropped or reframed. Music in this video may have been recut from its original arrangement and timing.
In the event this video uses Creative Commons assets: If not noted in the description, titles for Creative Commons assets used in this video can be found at the link provided after each asset.
The use of third-party photos, graphics, video clips, and/or music in this video does not constitute an endorsement from the artists and producers licensing those materials.
AEI operates independently of any political party and does not take institutional positions on any issues. AEI scholars, fellows, and their guests frequently take positions on policy and other issues. When they do, they speak for themselves and not for AEI or its trustees or other scholars or employees.
More information on AEI research integrity can be found here: www.aei.org/about/
#aei #news #politics #government #education #livestream #live #greenspan #economics #fed
Пікірлер: 37
Alan was the architect of the world economic crash of 07. His pals around the world took $90 trillion out of working peoples pensions and 401ks. If you’re not rich , you lost 7.7% of your net wealth in 08. It’s happening again but this time it will be a slow bleed. In 18 months , every dollar you have will be worth 40 cents. I could fix it in one day but a lot of rich people would be mad. Very mad.
Best cure for insomnia 😊
Demographics has never been more important. And it’s not looking great. The moral hazard that has been created will take down society and perhaps even the world as we know it.
Thing that he saying now probably could not during his tenure since it could affect the market
He said the system still works. What would be an indicator to say the system doesn't work? Work for who? By why standard?
The real problem with the system is interest. There is no money in the world to pay interest since the initial disbursement of funds is static. Those the interest becomes debt with which there is no money to pay.
Tax cuts in 1998 did not increase TFP in Ireland - the 1990s enjoyed the TFP increase; the 2000s was excessive credit, inflationary and a loss international competitiveness. This is the same economy that had to endure massive fiscal austerity after its property market collapsed by an historically epic magnitude...Perhaps taxes before hand would have buffered the fiscal purse and tempered the asset price inflation. Certainly didn't add to TFP! See: Federal Reserve Data - fred.stlouisfed.org/series/RTFPNAIEA632NRUG
A bankers Hero!
1:03:41 Fiat Money ?
5th century Ancient Greece!
The greatest Fed chair of all times
@jc.1191
4 жыл бұрын
Burnanke is a candidate
Bespoke train h opportunity
Allan Greenspan The greatest central banker of all time and like J.P. Morgan he is a man of his word.
dobiacco - did you listen to what he was saying. It's a free study in economics and human nature. The FED has nothing to with the discussion. Do you know your history. Research France and fiat currency in the late 1700'.
@SmedleyButlerIII
6 жыл бұрын
the history of a small group of men, meeting in secret...on an island, to plot up a way to sneak a bill through congress that allows them to print the currency for the world??? that history?