If you are studying economics, you should definitely listen to this.
One of the benefits of studying economics hopefully will be that you do not end up issuing confident and completely incoherent monologues about the world economy like these.
One of the benefits of studying economics hopefully will be that you do not end up issuing confident and completely incoherent monologues about the world economy like these.
https://twitter.com/TPpodcast_/status/1380821159260921860
Money and finance and macro are hard, even if you've spent your whole life grappling with it. The confusing and mysterious nature of it tempts many to think that intentions lurk therein, when they don't.
I think also that when you've successfully comandeered an audience for your eccentric VJ narratives about geopolitics, it's excusable to think that you have what it needs to grasp the economic and financial system, and even to think that you see what no-one else has managed to.
Curtis gets money and credit confused. [Though so do a lot of people]. He's bewildered by QE [so are a lot of people]. He conflates measuring things with utilitarianism.
He is either oblivious or has closed his ear to the actual conversations about how to do macro and inflation policy and how to regulate finance that were going on and permeated politics.
It works as a kind of historical fiction. Imagine a world a bit like ours in which a whole bunch of weird forces actually did work and were directed like that and had those consequences which makes you think doesn't it.
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