What happens in a financial crash – and why it matters

Описание: Crashes don’t just happen. They build, and then they tip. In this video, I explain what causes a financial crash, why we’re facing one now, and why only government – not markets – can save us from the chaos that follows. Donald Trump’s actions, market overvaluation, geopolitical shocks – any one of these could trigger collapse. The consequences? Unemployment, insecurity, spiralling debt costs. Only Keynesian counter-cyclical action can offer recovery. We need courageous government – now.

TRANSCRIPT
A transcript for this video is available at: https://www.taxresearch.org.uk

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ABOUT RICHARD MURPHY
Richard Murphy is Emeritus Professor of Accounting Practice at Sheffield University Management School. He is director of Tax Research LLP and the author of the Funding the Future blog. His best-known book is ‘The Joy of Tax’.

This video was edited by Thomas Murphy.

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INTRODUCTION:    • Welcome to my channel - Richard J Murphy -...  

PLAYLISTS:

The Wealth Series
   • The Wealth Series  

Ecenomics
   • Ecenomics  

Britain
   • Britain  

Tax
   • Tax  

MMT
   • MMT  

Money
   • Money  

Climate Change
   • Climate Change  

USA
   • USA  

Labour
   • Labour  

The Trump Administration
   • The Trump Administration  

#FinancialCrash #EconomicCrisis #MarketCollapse #LossOfConfidence #OvervaluedMarkets #TradeWar #CapitalOutflows #FlightToSafety #StockMarketCrash #NeoliberalFailure #KeynesianEconomics #GovernmentIntervention #CounterCyclicalSpending #PublicInvestment #UnemploymentSpike #ParadoxOfThrift #FallingTrade #RisingPrices #InterestRateShock #EconomicRecovery