Private Money with Stefan Eich
The Dig
00:00
Capital Ability and the Great Moderation
In the 19 seventies, capital mability is essentially a very, very marginal phenomenon. Breton wootz had stringent capital controls in place. But that has changed entirely by the late 19 18 it so by theLate 19 eighties and in the early nineties. The masteris treaty capital ability is one of the freedoms that is written into the constitution of europe aso. We are living in a completely different world now which capital can be seen as an integral part of this picture of the great moderation.
Play episode from 01:20:37
Transcript
