The Ascent of Money, Part 3: Risky Business

Public Broadcasting System ^ | July 17, 2009 | Niall Ferguson

[hocndoc]

The Ascent of Money Episode 3: Risky Business ASCENT OF MONEY

In “Risky Business,” episode three of the four-part THE ASCENT OF MONEY, economist and historian Niall Ferguson examines the roots of the insurance industry in Europe; how disasters like Hurricane Katrina expose problems in risk management; how countries like Japan and Chile manage risk for their citizens; and the great rewards that can be accumulated through risk with hedge funds.

http://video.pbs.org/video/1173188365

[hocndoc]

The show moves fast and the comments on the website imply that it's biased in favor of capitalism and (gasp) anti-Marxist. This episode describes how Milton Friedman changed finance in Chile and how Soros "bet against the Bank of England."

There's video at the link above, but it's also available at http://video.pbs.org/video/1173188365

[hocndoc]

Try again on that link

http://video.pbs.org/video/1173188365

[Yo-Yo]

Excellent episode tonight. It outlined how Chile was facing runaway inflation, and got out of the cradle to grave entitlement business and turned it’s economy around.

Lots to think about as Zero tries to take the U.S. down that very same socialist road that Chile left.

[TexasRepublic]

“Lots to think about as Zero tries to take the U.S. down that very same socialist road that Chile left.”

History may repeat itself.

[Sawdring]

This is a great series. They just had Planet Finance on and they call the US/Chinese financial arrangement Chimerica. America borrows and spends and China creates and saves.