OYENTE

Anonymous Reader

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Mixed but worth a selective listen/read

Total
3 out of 5 stars
Ejecución
5 out of 5 stars
Historia
3 out of 5 stars

Revisado: 06-12-23

Author is likely a mixed economy Keynesian. He understands the "need" for regulations but thinks a reasonable level of regulations exists to prevent the harmful effects of them. Definitely makes some good bureaucratic inefficiency arguments that I've also personally seen in my government working experience. But then goes on defending lots of bad practices. He unfortunately never saw how the Upton Sinclair novel "The Jungle" was mostly lies to advocate for socialist planning. Overall, it is written well with halfway good & interesting scientific studies, and sarcastic humor at times, so it's worth a read to pick out the good vs bad arguments.

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Misleading title

Total
2 out of 5 stars
Ejecución
5 out of 5 stars
Historia
2 out of 5 stars

Revisado: 05-11-23

Discussed little about economic conditions causing and during the depression. More accurately titled a political history of the 1830s & 1840s. It was interesting at times. But the author clearly doesn't understand what a business cycle is or how a central bank causes malinvestments.

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False narratives

Total
2 out of 5 stars
Ejecución
5 out of 5 stars
Historia
1 out of 5 stars

Revisado: 03-27-23

So many false narratives in the first 20% that I couldn't continue wasting my time.
Recommend that this author read some actual historical truths about money origins and former barter societies, such as ancient China, the Silk Road, Medieval Iceland, Gaelic Ireland, the Vikings, Neolithic tribes, ancient Pyu, ancient pacific islands, etc.
The author does make some relevant connections to debt and money, as well as the terrible consequences of IMF and debt dependency/corruption in modern Africa.

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Socialist propaganda

Total
2 out of 5 stars
Ejecución
5 out of 5 stars
Historia
2 out of 5 stars

Revisado: 03-26-23

This author uses the words "free market" so many times that he must assume that repetition makes it true. Yet when he describes just how many rules, controls, government interventions, and bailouts occur, it doesn't seem to correlate that maybe this "free market" rhetoric isn't true at all.
On a positive note, the author does cover a wide variety of economic theory and relevant history to the 2008 crisis. However, the author completely fails in connecting where one theory is wrong and one theory is right.
Not a single time did the author mention the business cycle induced by artificially low interest rates, money printing, and fractional reserve banking. The author only seems to swoon over nationalizing industries and eliminating individual choice at every opportunity.
Finally, the author holds the corporatist Keynesian view that when a business fails, it requires government to save everyone, when in fact it was precisely government policy and govt-sanctioned cartels that caused the problems in the first place. Market failure occurs constantly. But when an individual business fails because of bad decision making and inability to serve consumers better than competitors, that opens new doors for better businesses to succeed and redistributes wealth from bad asset managers to good asset managers. Maybe if he read about the Cantillon effect, he would understand market failure is an individual failure, while systemic/industry failure is a government failure.

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Great book. Mediocre speaker.

Total
5 out of 5 stars
Ejecución
3 out of 5 stars
Historia
5 out of 5 stars

Revisado: 01-08-23

I enjoyed the highlights of history. I agreed with about 80% of the analysis provided. The speaker's voice was rather dull and difficult to hear at times.

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