Fueling the Financial Fire

The video discusses the future of finance, focusing on credit growth and its channels. It critiques past regulatory approaches that relied heavily on interest rates, suggesting that quantitative controls are necessary to manage credit allocation effectively. The speaker emphasizes the importance of understanding credit cycles, particularly in real estate, and challenges conventional monetary policy wisdom. The video advocates for an empirical, data-driven approach to economics, moving away from purely axiomatic models.

What role do quantitative controls of credit play in distinguishing between different sectors of the economy?

How does empirical analysis contribute to understanding the dynamics of credit categories?