Putting the Genie Back in the Bottle: A Drastic Simplification of Finance - Robert Kuttner

The video discusses the complexities of the financial system, emphasizing the need for simplification. It highlights the quiet nature of the banking system before 1970 and contrasts it with the thriving real economy of that time. The post-Great Depression era saw financial markets constrained for the greater good, but later innovations overwhelmed regulations. The video argues for a return to simpler financial systems and critiques the political and economic responses to financial crises. It calls for a counterrevolution in economic thinking and politics to address ongoing imbalances.

What were some of the financial abuses that existed in the 20s?

How did the political response to financial abuses differ between the 20s and recent years?

What is the speaker's view on the current state of finance and its political power?