domingo, 28 de julio de 2013

Extensive listening: Debt, a great invention

This is a wonderful four-video lecture from the University of Groningen given by Dirk Bezemer.

He explains how debt and money systems developed over the years into the financial system we have today. All modern money is debt created by banks and this system has and can potentially bring us great wealth... or poverty.

Although the four fifteen-minute video clips do not have subtitles and you may be reluctant to watch a lecture for which some specialised knowledge is demanded, I strongly advise you to give professor Bezemer a chance. His English is really accessible and he presents all the economic concepts in a clear and pedagogical way.



episode 2: How bubbles grow
episode 3: Why crisis occur
episode 4: The post-bubble economy