💯 The battle over the world economy intensified as the 20th century came to an end, with debates on globalization and its benefits or harms.
⚙️ The new global economy is driven by technological and political change, with a revolution in ideas shaping its development.
🔍 Keynes and Hayek's battle of ideas influenced economic battles of the last century, with Keynes advocating government intervention and Hayek advocating for a self-regulating market.
💡 Lenin's death marked the beginning of the dominance of Marxist-Leninist economics in Russia and Eastern Europe.
💰 Hyperinflation in Germany and Austria led to the collapse of the middle class and the rise of support for the Nazis.
📉 The Stock Market Crash of 1929 triggered a complete economic collapse in the United States, leading to widespread unemployment and bank failures.
📚 John Maynard Keynes revolutionized economic thinking with his book on the Great Depression, advocating for government intervention and spending to stimulate the economy.
🌍 Keynesian economics became government policy during World War II, effectively ending the Great Depression through increased government spending.
👥 Keynes and Hayek had opposing views on government intervention in the economy.
💼 Keynes advocated for government planning to address unemployment and economic instability, while Hayek believed it led to a totalitarian state.
🌍 The Bretton Woods conference established the World Bank and the International Monetary Fund to promote stability in the global economy.
📚 After World War II, Germany faced hyperinflation and economic stagnation, but economist Ludwig Erhard's decision to abolish wage and price controls led to the German economic miracle.
🌍 India adopted a state-led model of industrial growth and central planning after gaining independence, influenced by Mahatma Gandhi and Prime Minister Nehru.
💼 The University of Chicago's intellectual influence grew with economists like Milton Friedman advocating for minimal government intervention and free markets.
💰 Stagflation was a major economic problem in the US and UK, characterized by stagnation, high unemployment, and inflation.
💼 President Nixon's attempt to control stagflation through spending and wage and price controls ultimately led to economic disarray.
🌍 Keith Joseph's advocacy for free markets and Margaret Thatcher's embrace of market economics signaled a shift away from Keynesianism and towards neoliberalism.
🛫 Freddie Laker advocated for low-cost air travel and testified against Pan Am, leading to airline deregulation.
👨⚖️ Fred Khan, a professor at Cornell University, pushed for a leaner regulatory environment in the airline industry.
💼🪧 Margaret Thatcher and Ronald Reagan implemented economic policies to combat high regulation and inflation.
🇬🇧 Margaret Thatcher's victory in the Falklands War boosted her popularity and allowed her to implement her economic policies.
💰 Thatcher aimed to end government subsidies for state-owned industries and promote market discipline.
⚒️ The coal mining strike represented a clash between socialism and free-market capitalism, with Thatcher ultimately prevailing.
💡 Thatcher's government pioneered privatization, selling off state-owned industries to the public.
The Cold Reality of Kevin Samuels, Black Wealth & Marriage #blackwealth #blackmarriage
Account Abstraction Full Course | ERC-4337 Explained | Code + Architecture | Bonus Podcast 🔥 | Safe
PRONÓSTICOS deportivos hoy✅⚽Apuestas deportivas champions league ⚽ real Madrid VS Unión Berlín fijas
Breaking Down Eurodollars - The Most Important, Least Understood Market in the World
Why You Lose In The USA
¿Estudio lo que me gusta o lo que pueda darme un trabajo? Nuccio Ordine, profesor y escritor