Financial Crisis & Political Instability

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" summary

Links prolonged low rates and large asset purchases to concrete outcomes: €2,600bn of bond purchases drives asset-price gains that enrich financiers while ECB saved Germany €380bn in interest costs; bank recapitalization plus zero rates produce credit growth ~0 and zombie banks, prompting quasi‑nationalization of finance and rising government debt (Japan ~240% debt/GDP). Empirical claims: credit contraction since the late 1990s, falling investment and productivity, rising regional concentration, and a measurable jump in support for extremes (~24% average in EU).

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" chapters (17)

1. 0:00Intro
2. 3:50Bubble honeymoon
3. 6:13Deflation vs Recession
4. 10:43The Fisher Equation
5. 13:42Low Growth Low Inflation
6. 15:57Credit Crunch
7. 28:45Japanese Banks
8. 30:31Zombie Enterprises
9. 39:00Total Economic Structures
10. 40:30Productivity
11. 42:03Japan
12. 43:35Mainstream Economics
13. 45:23Negative Growth Rates
14. 46:55Wage Levels
15. 51:31Financial Sector
16. 53:35Redistribution
17. 56:26New contracts