0:00 Intro & why the Fed didn’t cut rates 2:49 Warsh ditches the Phillips curve (“no cruel choices”) 5:45 Scrapping the Fed’s forward guidance 7:04 Alex: central bankers love making cruel choices 8:16 The American System vs the British System 10:37 Hamilton’s playbook: grow your way out of debt 13:19 Lending outside Wall Street: the Office of Strategic Capital 15:27 The US Steel golden share 19:00 24/7 gold & oil trading and the City’s price-slamming (“Mr Slammy”) 25:05 Brent paper oil & the real price of gold 26:23 How financiers captured American farming 30:04 Why Russia & China dodge the boom-bust trap