On today's episode of Forward Guidance, Jack Farley is joined by Roger Lowenstein to discuss his new books and the intricacies of the American financial institution during and before the Civil War. Taking a look back at history, Roger is able to make connections to our modern day and how we can empower ourselves by knowing our backstory.
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Timestamps
00:00 Introduction
02:27 American Finance Before the Civil War
06:46 How Did the North Fund the Civil War?
15:25 How the South Funded The Civil War?
18:56 Disastrous Inflation In The South
24:02 BCB Ad
25:25 Illegal Cotton Smuggling And Parallels To Russian Gas
34:20 Will Commodity Price Shock Cause A Recession?
37:36 Inflation
42:28 The Fed
47:03 Final Reflection on President Lincoln
