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Masters Of Money | Part 2 | Friedrich Hayek

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The fact that Keenes is so much more popular and well known is probably a testament to the fact that Hayek was wiser
Comment from : @uToobeD

BITCOIN
Comment from : @Daniseyffert

What's up with the volume? I can't hear
Comment from : @edmundmazeika5886

Fun story with Hayek and Keynes during WWII at LSE I believe
Comment from : @Milton_Friedmanite

Marx added stoopidity,Engels was editor Hayekbradded complexity most economists are flawedbr,some deeply,some naive ask Thomas Sowell&bryou will learn,from the real&good perspective
Comment from : @silvergalaxie

👍
Comment from : @chaddersf

Mr Gardescu I tried
Comment from : @axcelhehe1105

Do the BBC not learn by their own documentaries ?
Comment from : @Avidcomp

Great documentary I suggest also Laissez-faire (2015)
Comment from : @mappamondo555

Something interesting about both Keynes and Hayek in opposition to Marx, is the fact that they mainly analyzed the the ecomony from how they thought it worked (whether they were wrong or not), while Marx analyzed ecomony from how he thought it ought to work His entire idea about socially useful labour time only makes sense from a normative perspective
Comment from : @chrissermoon4156

39:07
Comment from : @Cleisthenes2

So this is who we can blame for our problems today
Comment from : @oathboundsecrets

Leftist, neomarxist media praising Keynes and Marx, no wonder
Comment from : @the_real_economics

get the central banks to vanish and life will be fruitful to all people
Comment from : @drnidalodat182

Donda>CLB
Comment from : @dg9444

I think Friedrich Hayek would be proud of Bitcoin
Comment from : @jossryan2423

Government is fucking up the world, RIP Friedrich Hayek
Comment from : @JusdevTMG

35:15 Marxism intensified
Comment from : @vajliakduke6231

and this is why Bitcoin is wort $53000
Comment from : @tomi8v

"By 2005 or so, it will become clear that the Internet’s impact on the economy has been no greater than the fax machine’s” - Paul Krugman, 1998
Comment from : @dennouvelle7524

Capitalism is the solution Government is the problem
Comment from : @robg71

The Greatest Economist of them all was a Man called John who lived off on Island of Greece
Comment from : @positiveenergy9134

Havent seen the video yet, but I hope nobody in it refers to Marx as a master of money or something He was a bumLiterally
Comment from : @TheSymphonyOfScience

27:50 Keynes Theory got out in 1936, and Roosevelt did his politics in 1933, so the US recovery had nothing to do with Keynes
Comment from : @cowboybebop7349

Krugman is such a worm
Comment from : @ryanstucke7811

48:08 that Prof Paul Krugman is really A moron
Comment from : @samuellambert8919

The road to serfdom: Totalitarianism, socialism, marxism, fascism, nazism, Communism
Comment from : @patricia6781

We're already at serfdom The Government doesn't work for us, we work for the Government to pay high taxes to feed whatever wars the Government wants to engage Very sad!
Comment from : @LuliVarela91

46:14 my Dream on JoB
Comment from : @roonetrai1668

The conclusion is everything is fucked up A fucked up system and a fucked up world
Comment from : @wmahmudfarhan8427

she looks exactly like prince charming
Comment from : @vuufke4327

Just remove interest
Comment from : @ymtxeam

Ofcourse, with the birth of cryptocurrency, control of economies is shifting from the hands of the state to the hands of people who will most probably be at the tip of the capitalist pyramid From the frying pan into the fire When it back fires, we'll definitely come back to the drawing board according to Dr Hayek
Comment from : @Jay_Bless

Could someone tell me what has happened with the original soundtrack at 44:24? Does anybody know what is the title of the old previous post punk style song?
Comment from : @Daniel_Bettega_52

Hayek is a social darwinist
Comment from : @R2D2fhjks

Very well put together brExcellent ,I will get the book
Comment from : @paulmoore8520

That's the notorious money changers of central banks for you! What could go wrong worshiping the golden bull stock market?
Comment from : @elaine1034

22:48 clown lol
Comment from : @derplol1612

Check out this video on youtube: Bitcoin - Beyond the Bubble
Comment from : @martincafal6423

Manifesto for breaking the financial slavery to interest - Gottfried Feder
Comment from : @SluporBM

Most of Hayeks economic theories originated from Mises What sets them apart is that Mises trusted people and disliked government Hayek was more of an statist Some classical liberals actually refers to Hayek as an moderat social democratbrbr misesorg/library/why-mises-and-not-hayek
Comment from : @danielkarlsson156

Hayek was not just a champion of the market He was a champion of the people, a champion of liberty, for all No surprise that those at the BBC have never even read Road to Surfdom
Comment from : @raurkegoose5233

So to sum up; don't confuse economics with science, its is far too complex to be able to forecast with anything approaching accuracy, which is one of the reasons planned economies are doomed to failure and economic results cannot be replicated Human activities and proclivities bugger it all up in any case and Hayek would advise us to probably do nothing as the safest course It is also disparagingly called 'the dismal science' Sounds fun to me
Comment from : @juleshammond5652

Boom and busts are like births and deaths no matter what man does about extending life he is merely putting off the inevitable We all want long good quality lives but the end must come
Comment from : @peterbradshaw8018

$@capitainefracasselalanguef6474$

We are in late 2018, the FED started to raise the interests rate which should trigger a crisis even worse than in 2008: a corporate credit crisis
Comment from : @capitainefracasselalanguef6474

Uhhh Paul, if the government didn't guarantee the risky Mortgage Backed Securities, banks wouldn't have gambled with the money! Keynsians are the worst
Comment from : @Monopolist91

Hayek is totally wrong!!!
Comment from : @channgaishun

Radical?You mean Ludvig von Mises!Right?
Comment from : @ByzantineCapitalManagement

You’ll see the Feds Keynesian intervention of 08 via QE produce the biggest crash in history with disastrous consequences
Comment from : @caravaggiobolo5060

I believe neither Hayek's nor Marx's theory have ever been put into practice in its intended form The private market asked the state to interven and bail out the markets This was everything Hayek was against People also who argue communism was tried and failed were wrong USSR and China were / are totalitarian regimes Communism failed because the government was corrupt
Comment from : @krackowkid6618

Why is Friedman being attributed with these beliefs? They seem to go against everything he teaches Unless they're from his early days when he was a Keynesian
Comment from : @BunnyMan456

Watching this series and reading these comments I have reached to the conclusion that economists are like doctors: rude, pompous and full of pride and arrogance whom in the position their profession gives them belittle anyone who isn't in accord with thembrbrThe big, and very frightening difference, is that unlike doctors economists have actually no truly scientific and proven basis for their ramblings All they have is wild speculation and schemes they have built around circunstantial evidencebrbrIt is a truly terrifying realization
Comment from : @OskarVanBruce

marx master of money, nice joke
Comment from : @wilsonguaman5495

Hayek DID NOT win the Nobel Prize He was awarded the Bank of Swedens Award in Memory of Alfred Nobel No link whatsoever with the Nobel Institute Awarded by banks since the 70s Same date and monetary sum as the real prize Youd think someone is trying to gather some prestige from the Nobel legend for the field of Economics
Comment from : @Mikemurdock431

It is so curious that we have so much talk about money but we never hear economists suggesting mandatory accounting in the schools even though double-entry accounting is 700 years old Are they afraid the dumb worker/consumers might not remain stupid pawns?
Comment from : @psikeyhackr6914

The great Hayek
Comment from : @Renato84Br

I wonder what he would say about crypto currencies ?
Comment from : @coooooo6

Wouldn't an uncontrolled economy lead also to uncontrolled and utter abuse of natural resources? Which in term would hurt as all very badlyquite possibly much more than any economic crisis could
Comment from : @Kenguruh

In the UK (and I believe it's similar in the USA), around 97 of new money is created by private banks leading money to businesses and individuals Only 3 is created by the central bank Although the central bank sets the base interest rate, private lenders decide how much interest to charge customers Equally, customers decide how much interest they are willing to pay I'm definitely no expert on monetary policy, but it seems like the creation of money is very much in the hands of *The Market*
Comment from : @davva23

Adam Smith and Milton Friedman are my favorite economists but Hayek is in the top 10
Comment from : @zacharycat

THere's nothing in this "documentary" about the harsh peace terms the French and English forced upon the Germans and their allies, which crippled the european economy Also, if those countries weren't such cunts, they wouldn't have allowed the war to begin anyway, which resulted in their gold reserves being sent to America, from which they did not recover BBC needs to look at their government much closer, instead of blaming the USA solely for the great depression
Comment from : @terrysommers7239

The Federal Reserve is not a government institution, but i shouldn't expect the BBC to get basic facts on topics they 'report'
Comment from : @terrysommers7239

36:45 'Murica
Comment from : @chrisarias4055

Since when does the federal reserve reducing interest rates constitute government intervention in the market? Surely they are separate from government? Is that not the whole point?
Comment from : @dundeedolphin

Socialism is not the answer either Krugman --- these guys are all crooks, just like the bitchy narrator -- decentralization bitcoin
Comment from : @19battlehill

bitcoin will unleash full capitalism no more government control over the economy
Comment from : @wallawalla223

Bravo, Stephanie; bravo!
Comment from : @tdavidgraham8675

Cryptocurrency will make government regulation of the economy untenable Markets inevitably beat states, that age is now
Comment from : @tellingfoxtales

Let's be clear about the advantages of inflation: the largest gold reserves outside South Africa are in Russia
Comment from : @BruceMincks

Does anyone have an economic model that accounts for corruption?
Comment from : @robertbennett9569

why we still argue what makes an inflation ??brwhen the word's meaning was already written in English dictionary
Comment from : @ivandate9972

So, the market is ineffable But it's wise and will save us from ourselves - if we trust it Sound familiar?
Comment from : @StefanTravis

hey why don't you explain how the federal resurrve system works so we can really understand and debate istead of pushing your agenda
Comment from : @mh-uh9sc

I like the Bernard von Nothaus thinking :-)
Comment from : @zeferinosamahina9887

I belive Hayek was right
Comment from : @aksbeixhev

Hayek was a kook Good thing his theoretical ideas stayed theoretical
Comment from : @allencrider

Just a quick reminder that the Great Depression of 1929 happened a couple of decades AFTER the establishment of the US income tax and US Federal Reserve As have a number of other recessions and market crashes Of course, there were also recessions and market crashes before the US income tax and Federal Reserve It seems that income taxes and the Federal Reserve did not magically make the economy immune to troubles There is significant unemployment to this very day in the US
Comment from : @forestpepper3621

Inflation, the likes of which the US and world has yet seen, is coming The only reason the quadrillions of printed dollars that Greenspan and his cronies started 30 years is that this time, their grand scheme including first filling the world with over-capacity of commodities and "stuff", with the new China So now we have so much more stuff than the world ever needed, and pricing and demand starts to fall; with "DEE-flation"Once the deflation (demand) stops - any year now (it will start with China imploding), IN-Flation will trigger in such a flash-event, no one will see if coming - as usualAny attempt to raise interest rates to curb the inflation will simply not fly; The quadrillions of debt owed by US and the world - including state and local govts - and even rich corporations like Apple - and of course all the consumers - will not withstand the SMALLEST of interest upticks - AND THAT'S ALL FOLKS!!Do you hear that same ticking sound I do?
Comment from : @aaadj7out