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People like to say economics is a science
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Hot Money

People like to sayeconomics is a science but it really follows politics

People like to say
economics is a science but it really follows politics

Full Transcript

00:00:01.000 --> 00:00:03.169
- People like to say economics is a science
00:00:03.169 --> 00:00:05.672
but it really follows politics.
Duration
6 seconds
Views
27
Timestamp in Movie
00:58:15
Uploaded
May 25, 2025
Genres
documentary
Production
N/A

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Movie Summary

Former NATO commander Wesley Clark and son explore economic forces linking various sectors, revealing interconnections that can lead to collapse and potential solutions to untangle them.
Keynes came out and looked at it, he saw the political need. - Hot Money 00:05
Keynes came out and looked at it, he saw the political need.
Friedman came out and looked at it - Hot Money 00:10
Friedman came out and looked at it
He reinvented classical economics. - Hot Money 00:04
He reinvented classical economics.
- Quoted Milton Friedman and said that, - Hot Money 00:13
- Quoted Milton Friedman and said that,
And so I asked him, I said, "I mean, are you for real?" - Hot Money 00:08
And so I asked him, I said, "I mean, are you for real?&...
- And so here we are now, 40 years into the age of Reagan - Hot Money 00:08
- And so here we are now, 40 years into the age of Reagan
We won the Cold War during that period. - Hot Money 00:05
We won the Cold War during that period.
Not necessarily because of that, but we won the Cold War. - Hot Money 00:05
Not necessarily because of that, but we won the Cold War.
And America became this supreme power. - Hot Money 00:06
And America became this supreme power.
But for the people of America, it hasn't been so good. - Hot Money 00:04
But for the people of America, it hasn't been so good.
- Real wages went down and people in this country look back - Hot Money 00:07
- Real wages went down and people in this country look back
She watched him every Sunday night on GE Theater. - Hot Money 00:04
She watched him every Sunday night on GE Theater.
At the end, he would say, "At General Electric, - Hot Money 00:17
At the end, he would say, "At General Electric,
In 1950, stock buybacks were illegal. - Hot Money 00:04
In 1950, stock buybacks were illegal.
Now, investment analysts look at that company and say - Hot Money 00:06
Now, investment analysts look at that company and say
I think their stocks gonna continue to grow up - Hot Money 00:09
I think their stocks gonna continue to grow up
I mean, yeah, clearly the world has changed, - Hot Money 00:11
I mean, yeah, clearly the world has changed,
Firms finance their investment out of their profits, - Hot Money 00:06
Firms finance their investment out of their profits,
Now, if you look at the 500 biggest U.S corporations, - Hot Money 00:11
Now, if you look at the 500 biggest U.S corporations,
- [Newsman] The president expressed surprise - Hot Money 00:05
- [Newsman] The president expressed surprise