Austerity Lecture: Difference between revisions
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Adamcolton (talk | contribs) Created page with "https://www.youtube.com/watch?v=JQuHSQXxsjM Category:Notes" |
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https://www.youtube.com/watch?v=JQuHSQXxsjM | https://www.youtube.com/watch?v=JQuHSQXxsjM | ||
Speaker: Mark Blyth, Professor at Brown University. Author of Great Transformations. Ph.D from Columbia in Economics. | |||
Refers to himself as a great example of welfare empowered social mobility - having gone from orphan to Ivy League professor. | |||
Asset protection + tax cuts + 2 wars = 61% debt/gdp by 2006. | |||
A shortage of T-bills (shrinking debt in early 2000s and increased demand from China) produced a run on the repo market - using AAA mortgages as collateral for repo collateral. This cascaded to a liquidity crunch. | |||
[[Category:Notes]] | [[Category:Notes]] | ||
Revision as of 16:23, 11 June 2013
https://www.youtube.com/watch?v=JQuHSQXxsjM
Speaker: Mark Blyth, Professor at Brown University. Author of Great Transformations. Ph.D from Columbia in Economics.
Refers to himself as a great example of welfare empowered social mobility - having gone from orphan to Ivy League professor.
Asset protection + tax cuts + 2 wars = 61% debt/gdp by 2006.
A shortage of T-bills (shrinking debt in early 2000s and increased demand from China) produced a run on the repo market - using AAA mortgages as collateral for repo collateral. This cascaded to a liquidity crunch.