37 min listen
A History of Major Financial Crises and How Taxpayers Pay the Price - Kathleen Day #5819
A History of Major Financial Crises and How Taxpayers Pay the Price - Kathleen Day #5819
ratings:
Length:
19 minutes
Released:
May 26, 2023
Format:
Podcast episode
Description
Kathleen Day has written a book about the history of financial crises in the US, which have been occurring since the founding of the country. She explains that while deregulation can be beneficial, it must be accompanied by increased oversight to prevent crises. People tend to forget the lessons of the past and take more risks when other people's money is at stake. The reserve requirement is meant to protect against liquidity crises, but if the demand for deposits continues, banks can still become insolvent and taxpayers must pay the price. Kathleen Day discussed the similarities between the financial crisis of the 1980s and the current situation, noting that both had to do with inflation and interest rates. She also discussed the role of the government in regulating banks and the need for stress tests for all size banks. Lastly, she discussed the dangers of moral hazard and the need for banks to be conservative in their investments. kathleenday.com FSN
Released:
May 26, 2023
Format:
Podcast episode
Titles in the series (100)
Fed to Cut, Gold to Go Up -- Craig Hemke #5796: Summary: Kerry Lutz and Craig Hemke discuss the effects of central bank digital currency, the importance of real interest rates in driving gold prices, and the lack of interest in mining shares over the past decade. They explain that negative real... by Kerry Lutz's--Financial Survival Network