Chapter
The Economics of Bailing Out Homeowners with Derivative Mortgages
14:23 - 21:33 (07:10)
The bailout of 2008 was given to corporations rather than homeowners, even though the crisis was caused by derivatives of mortgages. If the federal government focused on homeowners instead of corporations, it would have been less expensive and more effective.
Clips
The podcast host jokingly discusses how launching a nuclear bomb should involve a difficult scavenger hunt process rather than just pushing a button to avoid impulsive actions.
14:23 - 15:43 (01:20)
Summary
The podcast host jokingly discusses how launching a nuclear bomb should involve a difficult scavenger hunt process rather than just pushing a button to avoid impulsive actions.
ChapterThe Economics of Bailing Out Homeowners with Derivative Mortgages
EpisodeJon Referees an Economist Battle
PodcastThe Problem With Jon Stewart
In this podcast, Joe Rogan talks to Stephanie Kelton and Rowan Gray about modern monetary theory and how the entire economy can be seen as a mass delusion.
15:43 - 16:32 (00:48)
Summary
In this podcast, Joe Rogan talks to Stephanie Kelton and Rowan Gray about modern monetary theory and how the entire economy can be seen as a mass delusion.
ChapterThe Economics of Bailing Out Homeowners with Derivative Mortgages
EpisodeJon Referees an Economist Battle
PodcastThe Problem With Jon Stewart
Comedian Jon Stewart talks about a debate he had with former Secretary of Treasury Tim Geithner regarding the government’s response to the economic collapse of 2008, where Stewart argued that the Fed should have helped homeowners rather than just bailing out corporations.
16:32 - 19:21 (02:48)
Summary
Comedian Jon Stewart talks about a debate he had with former Secretary of Treasury Tim Geithner regarding the government’s response to the economic collapse of 2008, where Stewart argued that the Fed should have helped homeowners rather than just bailing out corporations.
ChapterThe Economics of Bailing Out Homeowners with Derivative Mortgages
EpisodeJon Referees an Economist Battle
PodcastThe Problem With Jon Stewart
The speakers discuss a missed opportunity in a podcast interview and share their thoughts on where the conversation could have gone.
19:21 - 21:33 (02:12)
Summary
The speakers discuss a missed opportunity in a podcast interview and share their thoughts on where the conversation could have gone. They reflect on the impact of Fed's quantitative easing program on inequality and express concerns about the lack of candid answers from the interviewee.