Headlines . Join us again that the hi, im ash kaiser. This is cause a report special summer Solutions Edition where Mac And Stacy and today we welcome Home Professor Steve again is the author of debunking economics and the author of a brand new instance classic available for pre order right now the new economics and manifesto, you know, one of the very 1st episode ever of cars report back in 2009 was with you. You were one of our 1st guests that was in the midst of the worst part of the global financial crisis of 2008 through 2009 or 10. You were debunking neo classical economics. At that time, nobody listened to their backs and listening to neo classical economics. So tell us like, what is exactly neo classical economics and why do you have such a problem with that . Its one of 2 ways of looking at how the economy operates, which is to say, its all about the objective value of things or the amount of time it takes something to them as its value, etc, etc. Versus then they are cross co
Those your headlines the another look in just under an hour from now. Were glad to have you with us to see our teacher national the hi. Im ash kaiser. This is cause a report special summer Solutions Edition with mac and stacy. And today we welcome Home Professor Steve again is the author of debunking economics and the author of a brand new instance classic available for pre order right now the new economics and manifesto, you know, one of the very 1st episode ever of cars report back in 2009 was with you, you were one of our 1st Guest that was in the midst of the worst part of the global financial crisis of 2008 through 2009 or 10, you were debunking neo classical economics. At that time, nobody listened to their backs up listening to neo classical economics. So tell us like, what is exactly neo classical economics and why do you have such a problem with that . Its one of 2 ways of looking at how the economy operates, which is to say, its all about the objective value of things or the
Alarm tries and so on. Yeah, leave more in the pricing to be set by a central authority, a committee, a group of people, a group of academic, a group of mathematicians, funnily enough that ended up in that situation, that literally had to pretend theres a benevolent central authority who distributes income before we all spend and i need to make that assumptions of that. I can explain the downward sloping market demand curve. I wish i was joking, but im not. So they actually started up with a model of the pure free market economy. And to make the Model Work mathematical, youre going to assume theres a benevolent dictator who we allocates income before we go shopping. And everybody is happy with your allocation with the dictator brings about, thats called the social mental birthday, or the benevolent dictator being the absence of a market function. Right . So your, so for example, in the soviet union, there was a benevolent market maker dictator, a guy who said this is the price of tract
Technology, such as artificial intelligence or products like cryptocurrency, the recent growth of mega banks and mega banks actions to climate risk. I look forward to hearing testimony from all of our witnesses today. Recognize the gentleman from North Carolina Mr. Mchenry for four minutes. Thank you, Madam Chair, and thank you all for being here today. Were here today for the sequel that nobody asked for in 2019 democrats held this exact hearing to drill ceos. Republicans used the hearing to focus on systemic risk issues to our financial system. Clearly none of us could have predicted what would happen just one year later. The pandemic presented us with a once in a generation challenge. Congress, the fed, and treasury stood together and met this Crisis Head on. Your institutions also played a critical role, as did the financial system generally speaking. Banks of all sizes and credit unions of all sizes. Making sure support was available to families and small businesses. You deserve s
Chairman this meeting will come to order. This is the june 14th, 2021 Budget And Appropriations meeting. Im matt haney. Im joined by commissioners walton, safai. And i want to thank michael from sfgovtv. We will be taking a break at 12 30 for lunch. We have a packed schedule today, as we will every day for the next two or so weeks. I appreciate everyones time, as well as patience. Just a reminder to colleagues and everyone here that once the Department Presentations begin, we are asking for you to hold until hold your questions until each Department Presentation is finished. At the very end, public comment will take place. And it is limited to one minute. And it will occur at the end of the meeting, after all of the presentations. Madam clerk, do you have any announcements . Clerk yes. The municipal will reflect the committee members participated in this meeting through a Video Conference as though they were present. Public access to city services is essential, and provide public parti