Comments by "Luis Romero" (@LuisRomeroLopez) on "VisualEconomik EN" channel.

Basel III is something that not many YouTube channels or Twitch commenters mention. That's why I like this channel.
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Fun fact: In the meeting mentioned at the beginning, Laffer sketched his concept on a restaurant napkin. Currently the napkin is in a museum. There is also a precedent for the idea in a 14th century Muslim philosopher, Ibn Khaldun.
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2.42 «In Latin American countries, talking about privatization is like talking about the devil»... That's a severely understated.
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Success? The economy under Allende wasn't going great. Also: hardly 1970s technology was going to succeed in solving a problem that we still can't with modern technology.
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Seems to be the case but (very important "but") with average human behavior.
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The main qualification of the new director of PDVSA was being the cousin of Hugo Chávez... I don't understand what the US had to do with things like that.
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> "In 2 generations the same level of assets and disposable income has been obliterated." Not sure of this. Education, knowledge and skill are also assets. Probably you don't own a house, but probably you have a place to live by your own. (The question would be if your life quality has increased in comparision to the two previous generations, I would guess that that is the case.)
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Agree. Other banks (smaller or about the same size) didn't have problems to the same extent tht SVB, and even average people knew about the possible raise of interest. Is not like the FED keep everything as a secret.
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@hellenmoreira9991 You're right. But still falls short of reflecting the feelings of fear and contempt that privatization generates.
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We will find a new way to polute... I have no proof but no doubts either.
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The problems in the (possible) project of a common currency for Brazil and Argentina is somewhat similar in the sense that hardly any of the two countries would cede some «economic sovereignty»... What constitutes "sovereignty" is a matter of free interpretation in Latinamerica, but generally coincides with mercantile protectionism over politicians interests. (And yet, some people celebrate it.)
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This feels like the Blue check mark on X: To a point, It felt like people were complaining more about the fact that now anyone can access the blue mark and it was no longer exclusive.
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@TobiasStarling I see you point. But what you recount continues to focus on owning a house. For example, I don't own a house either and the rent consumes a considerable part of the income, but that does not mean that I am homeless or that my quality of life is inferior to that of my parents or (especially) grandparents. (But I can give you that being (me) in a developing country, perhaps we have had more development in quality of life proportionally to you. But I also can tell you that I have changed career twice.)
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I remember when (a few years after being in the Nokia) the Snake game was in YouTube loading page. 🙂
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6:55 So it's true: they DID have enough assets but for the long term while the debts (the withdrawals) needed to be paid off immediately, and they sold at a loss (9:32) because SOMEONE was contracting liquidity in all the US to control inflation. Now, to what degree the problem was a self-fulfilling prophecy due to the fear of clients and poor risk management of the bank itsel?
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@Viviko Lol! Good luck with your entrepreneurship!
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Or what is the same: Facilitate private participation in general (not just the rich) and let make a good profit.
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Yup! The SVB was definitely mismanaged, but even with that, one has to wonder: Would this have been possible in a scenario in which no liquidity contraction was generated?
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9:20 "Pattents are monopolizing knowledge". I'm not sure how to feel about giving all that weight to pattens (even to consider them a key factor in stagnation), but that's a good argument.
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But is Sandton drive in urban or rural area? I mean, isn't hard to believe that a developing country has problem with water supply (even more than electricity.) At least that's my experience living in one.
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@andykostynowicz Yup. Already mentioned that in my previous post.
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@ligmablocks9998 Considering the crisis, shortages and popular discontent at the end of Allende's period, I think it would be better to know exactly in what consisted that «strength in crisis management» you mention. The fact that the we still don't have the techonology or a methodology to find a subsitute for free market in 2023, makes me skeptic that 1970s thecnology would have been enough. I don't think Wallmart is a great example since it doens't have the same scale of a national economy, it subrogate its production chains to third parties (would be like thinking that Amazon produces books and all the stuff it sales) and still answers to market signals (procuts stay on shelves depending on demand).
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The Spanish channel was launched like a month and weeks ago and is good. :3
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@HaroldoPinheiro-OK In theory... You can look how the process was like before Musk, and arbitrariness (in favour of some groups like companies and journalist) was a common complaint. (Note: I am not saying that Musk improved it; I think he has mismanaged X). There're more details in an old video titled «The Quest for the Blue Checkmark» by the channel Emplemon. BTW: The channel is good.
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@Emanon... We all care about our own interest than any «common good». I think that is reasonable to conclude that you what you support as «common good» includes benefits to you indirectly through benefits to third parties.
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«Unmitigated disaster» is a weak and xtremely diplomatic term to described those attemps.
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The point is that Instead of people taking decisions you wil have AI.
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@julioalmeida4645 Agree. But I imagine that defenders of the idea would say that: «is wont be people but AI taking impartial decisions".
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