Perry Mehrling - The New Lombard Street: Anatomy of Crisis

The video discusses the transition from one economic era to another, focusing on the role of central banks and the financial crisis. It introduces the 'money view' as a framework for understanding liquidity constraints and critiques the reliance on academic theories. The video analyzes the financial crisis, highlighting the Federal Reserve's evolving role from lender to dealer of last resort. It concludes with lessons learned and the need for reformulating monetary policy and financial regulation.

What does the speaker mean by the 'money view' and how does it differ from traditional economic views?

What lessons does the speaker draw from the financial crisis regarding central banking?

How did the collapse of Bear Stearns and Lehman Brothers impact market liquidity?

In what ways does the speaker suggest reformulating monetary policy and financial regulation?