Chapter
Using Money at the Demand Side to Help People
30:18 - 35:46 (05:27)
The speaker suggests that more money should be used at the demand side to help the people, citing how it was done in 2008 and how toxic derivative problems could be fixed. They also emphasize the need to collect taxes to pay for the help people need.
Clips
The speaker agrees that capital is important for investment and innovation, but emphasizes the need for effective corporate tax policies and addressing inequality.
30:18 - 31:05 (00:46)
Summary
The speaker agrees that capital is important for investment and innovation, but emphasizes the need for effective corporate tax policies and addressing inequality. They argue that the current system gives more access to policy to those at the top, leaving poor people with inadequate lobbyists.
ChapterUsing Money at the Demand Side to Help People
EpisodeJon Talks With Jamie Dimon, CEO of JPMorgan Chase
PodcastThe Problem With Jon Stewart
The speaker advocates for reallocating assets to help people and a new status quo, arguing that accepting government intervention means accepting their manipulation of market levers, such as with the Fed opening the zero discount window in a crisis.
31:05 - 33:05 (01:59)
Summary
The speaker advocates for reallocating assets to help people and a new status quo, arguing that accepting government intervention means accepting their manipulation of market levers, such as with the Fed opening the zero discount window in a crisis.
ChapterUsing Money at the Demand Side to Help People
EpisodeJon Talks With Jamie Dimon, CEO of JPMorgan Chase
PodcastThe Problem With Jon Stewart
The Federal Reserve had a dual responsibility to save America from the catastrophic failure caused by the 2008 financial crisis and to help those who suffered from it, but it seems that they only prioritized the former.
33:05 - 34:17 (01:12)
Summary
The Federal Reserve had a dual responsibility to save America from the catastrophic failure caused by the 2008 financial crisis and to help those who suffered from it, but it seems that they only prioritized the former. The bailout of AIG was necessary to prevent the financial system from collapsing, but it left many including the shareholders devastated.
ChapterUsing Money at the Demand Side to Help People
EpisodeJon Talks With Jamie Dimon, CEO of JPMorgan Chase
PodcastThe Problem With Jon Stewart
The argument on whether or not corporate taxes, subsidies, and Fed policy affect economic performance remains a hot topic.
34:17 - 35:46 (01:28)
Summary
The argument on whether or not corporate taxes, subsidies, and Fed policy affect economic performance remains a hot topic. However, linking failures in education and infrastructure to corporate taxes alone is a false argument.