Uploaded February 2024 | Updated September 2026, 1 week ago
A short clip from a longer video: youtu.be/kH3mNkt6ijQ
Or watch the full series to get the full perspective: youtube.com/playlist?list=PLMUzeMKhbl10X-XzH-6q4iU0Ysul7cC4c
Original description:
Our governments can’t get the economy right because they don’t understand it and we can prove it. In 2007 the theory and modelling governments and economists use, all over the world, said the economy was doing fine; it was only going to go up, and a crash couldn’t happen. Then a crash happened. We call it the Global Financial Crisis. The suffering it caused was immense and still goes on today.
Come discuss this with us on
Twitter twitter.com/PEGSInstitute
Instagram instagram.com/pegsinstitute
Facebook facebook.com/PEGSInstitute
Watch on Odysee odysee.com/@PEGSInstitute:c
Sources:
No one saw this coming. Understanding financial crisis through accounting models - Dirk Bezemer https://www.rug.nl/research/portal/files/2646456/09002_Bezemer.pdf
Can Goldilocks Survive? - Wynne Godley and L. Randall Wray (1999) levyinstitute.org/pubs/pn99_4.pdf
Modern Money Theory for Beginners - L. Randall Wray youtube.com/watch?v=E5JTn7GS4oA
Credits
Written by Andrew Johnson and Jackson Winter
Spoken by Andrew Johnson
Edited by Jackson Winter
Icons made by MD Badsha Meah, www.wishforge.games, icon king1, Free Preloaders, Raj Dev from freeicons.io
Tank icon by Freepik from flaticon.com
All other graphics created by Jackson Winter
Music
Heaven and Hell by Jeremy Blake
A short clip from a longer video: youtu.be/kH3mNkt6ijQ
Or watch the full series to get the full perspective: youtube.com/playlist?list=PLMUzeMKhbl10X-XzH-6q4iU0Ysul7cC4c
Original description:
Our governments can’t get the economy right because they don’t understand it and we can prove it. In 2007 the theory and modelling governments and economists use, all over the world, said the economy was doing fine; it was only going to go up, and a crash couldn’t happen. Then a crash happened. We call it the Global Financial Crisis. The suffering it caused was immense and still goes on today.
Come discuss this with us on
Twitter twitter.com/PEGSInstitute
Instagram instagram.com/pegsinstitute
Facebook facebook.com/PEGSInstitute
Watch on Odysee odysee.com/@PEGSInstitute:c
Sources:
No one saw this coming. Understanding financial crisis through accounting models - Dirk Bezemer https://www.rug.nl/research/portal/files/2646456/09002_Bezemer.pdf
Can Goldilocks Survive? - Wynne Godley and L. Randall Wray (1999) levyinstitute.org/pubs/pn99_4.pdf
Modern Money Theory for Beginners - L. Randall Wray youtube.com/watch?v=E5JTn7GS4oA
Credits
Written by Andrew Johnson and Jackson Winter
Spoken by Andrew Johnson
Edited by Jackson Winter
Icons made by MD Badsha Meah, www.wishforge.games, icon king1, Free Preloaders, Raj Dev from freeicons.io
Tank icon by Freepik from flaticon.com
All other graphics created by Jackson Winter
Music
Heaven and Hell by Jeremy Blake
