Very Good Frontline Doc about the Era of Easy Money

[OSR stands with Israel]

This is a fantastic documentary about how the Fed's policy of quantitative easing and easy money backfired in many ways and even described how addicted Wall Street and our economy got to it , that it became very difficult to pull back from.

[Upper Canada Tory]

For some reason, the video is unavailable for me. Any chance you could provide a title or another link or anything like that?

[OSR stands with Israel]

For some reason, the video is unavailable for me. Any chance you could provide a title or another link or anything like that?

Type in on YouTube :

Frontline : Age of Easy Money

Here’s the link :

https://youtu.be/EpMLAQbSYAw

Or try this one

https://www.pbs.org/wgbh/frontline/documentary/age-of-easy-money/

[Independents for Nihilism]

For some reason, the video is unavailable for me. Any chance you could provide a title or another link or anything like that?

Type in on YouTube :

Frontline : Age of Easy Money

Here’s the link :

https://youtu.be/EpMLAQbSYAw

Or try this one

https://www.pbs.org/wgbh/frontline/documentary/age-of-easy-money/

I'm getting a "video unavailable" notice as well. Seems it's blocked in Canada? Strange.

[Benjamin Frank]

This is a fantastic documentary about how the Fed's policy of quantitative easing and easy money backfired in many ways and even described how addicted Wall Street and our economy got to it , that it became very difficult to pull back from.

When the Fed tried to raise interest rates during the Trump Presidency, not only did Trump whine, but sleazy Republicans (redundant sorry) like Larry Kudlow who had decried the 'easy money' policy under Obama called it a conspiracy to defeat Trump, and, most importantly, nearly brought on a recession.

The economy was increasingly strong until Covid, but it was oddly also very fragile.

In a contradictory way, the economy continues to grow and jobs continue to be created now even as interest rates rise.

Under conventional economic theory, there really are no rational explanations for these things. It's possible the GDP/employment data then and now is faulty.

This is a Canadian article on the similar situation in Canada.

Canada's job growth is challenging basic economic theory. Are the models wrong?
https://www.cbc.ca/news/business/canada-job-growth-inflation-economy-1.6744620

[Southern Senator North Carolina Yankee]

This is a fantastic documentary about how the Fed's policy of quantitative easing and easy money backfired in many ways and even described how addicted Wall Street and our economy got to it , that it became very difficult to pull back from.

When the Fed tried to raise interest rates during the Trump Presidency, not only did Trump whine, but sleazy Republicans (redundant sorry) like Larry Kudlow who had decried the 'easy money' policy under Obama called it a conspiracy to defeat Trump, and, most importantly, nearly brought on a recession.

The economy was increasingly strong until Covid, but it was oddly also very fragile.

In a contradictory way, the economy continues to grow and jobs continue to be created now even as interest rates rise.

Under conventional economic theory, there really are no rational explanations for these things. It's possible the GDP/employment data then and now is faulty.

This is a Canadian article on the similar situation in Canada.

Canada's job growth is challenging basic economic theory. Are the models wrong?
https://www.cbc.ca/news/business/canada-job-growth-inflation-economy-1.6744620

Where economics fails to provide answers, it helps to look to other forces. Demographic, societal, technology etc and see how those might overlay the economic landscape to get a fuller picture of what is happening.

[oldtimer]

This is a fantastic documentary about how the Fed's policy of quantitative easing and easy money backfired in many ways and even described how addicted Wall Street and our economy got to it , that it became very difficult to pull back from.

When the Fed tried to raise interest rates during the Trump Presidency, not only did Trump whine, but sleazy Republicans (redundant sorry) like Larry Kudlow who had decried the 'easy money' policy under Obama called it a conspiracy to defeat Trump, and, most importantly, nearly brought on a recession.

The economy was increasingly strong until Covid, but it was oddly also very fragile.

In a contradictory way, the economy continues to grow and jobs continue to be created now even as interest rates rise.

Under conventional economic theory, there really are no rational explanations for these things. It's possible the GDP/employment data then and now is faulty.

This is a Canadian article on the similar situation in Canada.

Canada's job growth is challenging basic economic theory. Are the models wrong?
https://www.cbc.ca/news/business/canada-job-growth-inflation-economy-1.6744620

Oh come on, use your head.

What would you do if you had access to millions in free money ?

You would put it in Bitcoin, Bubble Stocks like Nvidia, or Real Estate Scams, nothing that raises productivity.

No productivity growth = low unemployment , but also low income growth.

Now if you give a few hundred thousands to poor people, they may start a business.
But if you give them only a few thousands, that will go to consumption or again financial bubbles.

And because rich people that had access to free money got tons of it, they don't need to borrow again for years, so interest rates won't matter for years.

[ProgressiveModerate]

We actually watched this exact documentary in AP US Gov class after the AP exam.

Like the analogy OP alluded to of addiction. Also, while I don't fully blame Obama I have a better understanding of why a large chunk of people really didn't like him. Also, one of my first introductions to economics so still a bit confused on some aspects but get the general points.

I also think we need to somehow change the economic metrics which are seen as being most important for measuring our economy. Is our economy really doing well if most of that growth is concentrated in the hands of corporate CEOs and Wall St? For me, our economy is doing well when the largest number of people are receiving the largest benefit possible, and I think things like median wage growth and stuff are more important to look at.