Alasdair Macleod joins David Scott to discuss all things related to money, banking and credit. And by "all", we do mean all.
A brief summary of the subject matter includes:
- The banking crisis and the failure of Silicon Valley Bank
- The bond market and its effect on bank stability
- The effect of zero interest rates
- The sad death of the Airdrie Savings Bank
- Forgetting the lessons of the financial crisis of 2008
- What happened to Credit Suisse and what it means for confidence in Swiss banking
- The problems and perverse incentives arising from bank regulation
- Why central bank credit creation is destroying the currency
- Lessons from John Law and the Mississippi Bubble
- Why, when things get serious, the bankers have to lie
- What the Bank for International Settlements is
- The problems with Global Systemically Important Banks (GSIBs)
- Investigating Alex Salmond's tea and biscuits
- What a sound banking system should look like
- Why the system is so unstable and prone to crashes
- The nature and history of credit
- How banks creats money (currency) out of thin air
- The Bank of Scotland, the Royal Bank of Scotland and how credit and banking helped to transform Scotland
- What "cautioners" were in Scots banking law
- The Roman legal basis of how the world treats money and credit
- Gold as money and as an alternative to the current credit- and debt-based system
... amongst many other topics.
I don't know how we do it for the money!