00:00    |    
Initial credits
00:06    |    
Introduction 
01:56    |    
Central banks and bond issues 
03:49    |    
Monetary policy
Gold exchange policy and explicit constraints 
Fiat currency 
Microeconomic world
Economic evaluations
Housing bubble and the great recession 
Monetary mismanagement 
Current monetary policies
Ponzi scheme 
Government defaults 
Market bubbles 
Economic growth
21:01    |    
Ponzi scheme
22:44    |    
Monetary perpetual-motion machines
Wealth creation
Fiscal perpetual-motion
27:26    |    
Credit creation and price fluctuation 
"Ideal" economic model 
Asset prices and inflation
Credit aggregates
34:34    |    
Conventional monetary policy
35:46    |    
Unconventional monetary policy
Japan's experimentation 
Zero-interest rate policy 
Asset purchases
Mortgage backed securities 
45:17    |    
Monetary experiences 
Abenomics and its economic proposals 
Financial repression 
Great Recession responses
52:32    |    
Open-ended policy
Monetary limits
Monetary expansion
Interest rates
57:40    |    
Possible solutions
End central bank monopolies 
Restoring the gold standard
Cryptocurrencies 
59:18    |    
Final credits



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Central Bankers: Those Magnificent Men & Their “Perpetual-Motion” Machines

22 de octubre de 2014   | Vistas: 33 |  

Chistopher Lingle starts his digression by informing the audience that we are being fooled into believing that the world economy is stable. The perpetuators are the central bank policies. He comments on how the misunderstood in monetary policy dynamic plays an important role in economics downturns and points out that there are no correct economic evaluations in a non-spontaneous market. He expounds the relationship between business men in public sector and banks, the perpetual-motion machines, as he calls them, as well as the concept of central banks. He also discusses process of wealth creation and how it is linked with fiscal policy. Lingle talks about the main differences between conventional and unconventional monetary policies and its impact in economic growth of society, countries. He argues that there are promoted by well known incentives. According to his experience, he shares that individuals do things in order to evaluate the best benefit, and that this is the reason why the government should not interfere in the monetary market.






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Nuestra misión es la enseñanza y difusión de los principios éticos, jurídicos y económicos de una sociedad de personas libres y responsables.

Universidad Francisco Marroquín