Private debt booms and the real economy: Do the benefits outweigh the costs?

Presenter: Emil Verner, Massachusetts Institute of Technology
Discussant: Holger Müller, New York University
Learn more: www.ineteconomics.org/events/...

[@MrOliverwoods]

The sound on these vids are terrible

[@Yor_gamma_ix_bae]

These things are obviously even worse in economies where countries are lent dollars, while only having a lesser valued currency to repay their debts with. In terms of private debt, rather than load to governments.

[@persianfantasy2070]

well done

[@carolhorn2599]

Can't hear the video.

[@doko2nd]

How this data accounts for monetary policy? Is it the same under FED and under Gold?

[@colto2312]

What about notch sticks and Greenbacks?

[@AB-qo2xq]

Poor sound quality

[@KzLollapalooza]

Price/Value lost-> Fear-> Unemployment raises as sentiment degrades -> Monetary, Fiscal policy stimulus -> Cheaper credit renders business viability and sentiments -> Unemployment drops -> Price/value raises -> Greed -> Incentive biases of agencies -> Price/value Lost. Repeat. I've got it all figured out. Bitcoins here i come. lol

[@mcleanblades9234]

Probably there is something about the basic model I need trained on. But as best I can tell the models they are using are too simple. Useless. Issues: They are treat all credit booms- say auto-lending, mortgage-lending, student-loans and commercial lending the same. And the model doesn't use a weighed summation. The models don't have probabilities of ruin - or different types of ruin probabilities (such as policy changes, catastrophic weather conditions - or supply-chain/resource availability).

[@mcleanblades9234]

To make a long story short. These guys are wasting their time in college.

[@mcleanblades9234]

I'm really not getting the model. The prime-rate isn't even on the parameter list.

[@gigsrouiy8080]

Government's keeping interest rates artificially low creates boom-bust Cycles which leads to a loss of investment savings capital which leads to having to borrow against remaining assets, equals huge. Debt. Real rate of money debasement from over printing by central banks is 5 to 10% per year when calculated for cost of living, this course deteriorates the value of people's earnings and savings thus putting them at greater risk of having to borrow and get into debt. Ever-rising taxes to mitigate inflation, debasement of currency from over printing, causing people to have to borrow for the ever-growing taxes and costs of living overall. There is nothing new about the boom-bust cycles, they date back to 200 BC and and each and every boom-bust cycle since has been a direct cause of government intervention in the markets, which has thus convenient effect of transferring wealth from the majority to the few. Generally it is the Monopoly over the economy and the money supply that is largely responsible for the elimination of the middle class and are the very two components used to determine the misery index. Thank you and I hope you learn some real economics and the effects of monetary policies and government intervention in the markets and the overall impact on society. Completely free of charge will donations required.

[@MyDadWasALifeguard]

Gigsro Uiy ..wow..where did you pick this non-sense up?