Week 8The Economic Concept of Moral Hazard
Watch four Youtube videos below and provide brief summary on each.
–4 short but fascinating videos on President Andrew Jackson, as well as various U.S. founding fathers, on fearing the actions and corruptions of big bankers!!! How does this illustrate Moral Hazard and Sound familiar to today
1 President Andrew Jackson and Big Banks–sounds like today!!!) –(from History Channel)-https://www.youtube.com/watch?v=Knf8KA5aAjw&feature=related
2 (Also Thomas Jefferson) — https://www.youtube.com/watch?v=3cnItVN1Gk0 and
4 ( from HBO film mini series on President John Adams– (Watch at the dinner table–George Washington, Thomas Jefferson- who had just returned from Paris, Alexander Hamilton, our first Secretary of the Treasury, and John Adams) https://www.youtube.com/watch?v=UrxKOO0nKwc
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