The Post-Gold Dollar: Unanchored Capitalism and the Power of Big Finance (HOM 37)

[Originally recorded and posted on YT in Dec. 2020]
History of Money, Lecture 37: survey and analysis of general trends since the severing of the link between the dollar and gold in 1971, combined especially with the adoption of too-big-to-fail in and after 2008.

Timecodes
0:00 - Intro
4:11 - Unanchored Capitalism
11:28 - The Consolidation of American Finance
20:40 - The Big 4-7 Banks
25:55 - Income Inequality
32:20 - The Revolving Door between Big Finance and Government
46:44 - Campaign Finance
52:43 - Practical Solutions

In this presentation, we'll take a look - among other things - at the Dodd-Frank Act of 2010; the financial sector; big bank consolidation; income inequality; crony capitalism; and the revolving door between the financial industry and government, including the Treasury Department (Secretary Robert Rubin, Larry Summers, Hank Paulson, Timothy Geithner, Steve Mnuchin), think tanks like the Council on Foreign Relations and Brookings Institution, the Securities and Exchange Commission (SEC), and campaign finance. Top seven banks in the US: JPMorgan Chase, Bank of America, Citigroup, Wells Fargo, Goldman Sachs, Morgan Stanley, US Bancorp.
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Dr. Jonathan Barth received his PhD in history from George Mason University in 2014. He specializes in the history of money and banking in the early modern period, with corollary interests in early modern politics, empire, culture, and ideas. Barth is Associate Professor of History at Arizona State University and Associate Director of the Center for American Institutions at Arizona State University.
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