Revisiting. A brilliant lecture, explains money, credit, banking, finance, economics, the real reasons behind banking crises, the issue of TBTF banks, community banking, central banking measures, how to avoid inflation, what really moves the economy, solutions etc.
Mainstream, conventional economics in one slide
Probability of the primary mainstream economics "assumptions" holding \< 0.8%
"The Short-Side Principle": Markets are RATIONED and determined by QUANTITIES. The "short-side" has the POWER to pick and choose who to do business with.