VIDEO: Age of Easy Money (full documentary) | FRONTLINE

Age of Easy Money (full documentary) | FRONTLINE


Date: March 14, 2023

Key points made for why we like:

  • Low interest rates stimulates the economy - more spending, more borrowing by consumers and businesses
  • The initial Quantitative Easing (QE) done by the Fed in 2008 had unintended consequences; banks didn't lend the trillions of dollars injected into the system, instead they invested it in bonds which fattened their balance sheets
  • President Donald J Trump appointed Jerome Powell (JPow) as head of the Fed
  • The initial attempt of Quantitative Tightening (QT) was not well received by Wall Street and Donald Trump; this lead to more QE which went on for much longer than originally intended
  • The abundance of money (with no place to put it) led to the rise of very speculative assets like meme stocks and crypto

Full Video