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Course Curriculum: 1973 as the Economic Regime Break (US • Canada • Global)
Subject: Course Curriculum: 1973 as the Economic Regime Break (US • Canada • Global)
7 chapters
Chapters
A) The Triffin dilemma (the structural contradiction) electronic disco, choral alt-country · 3:42 Explore the Triffin Dilemma, the built-in contradiction at the heart of the Bretton Woods system, where the U.S. faced an impossible choice between supplying the world with dollars and maintaining the gold backing that gave those dollars their value.
B) Why “just buy more gold” doesn’t solve it avant-garde jazz disco, dark dance · 4:22 Debunking the intuitive but flawed notion that purchasing more gold can stabilize a fixed-price system, this track reveals why defending a gold peg actually requires *selling* reserves — and why that constraint becomes a fatal vulnerability when those reserves run dry.
C) Why “just lend dollars” doesn’t fix it electronic disco, choral alt-country · 3:31 Diving into the structural flaw at the heart of the 1973 monetary crisis, this chapter explains why simply lending dollars to struggling nations failed to address the deeper imbalances created when the US abandoned gold convertibility. Listeners will understand how redirecting money through different channels still couldn't resolve the fundamental mismatch between dollar flows and real economic stability.
A) Define “rent” correctly drum and bass goa trance, dark drum and bass, afro-cuban jazz doo-wop, grunge american primitivism · 4:26 Diving into the precise economic meaning of rent, this lesson reveals how it differs from ordinary business costs and profits, showing listeners how to identify the surplus earnings that go beyond normal returns.
B) Define “government take” correctly drum and bass goa trance, dark drum and bass, afro-cuban jazz doo-wop, grunge american primitivism · 4:33 A clear-eyed breakdown of what "government take" actually means in the context of oil and gas economics, unpacking the multiple layers of payments, taxes, and royalties that make up a government's true share of resource wealth.
C) Why royalties can look “near zero” on gross revenue electronic disco, choral alt-country · 4:12 Diving into the complexities of oil sands royalty structures, this track unpacks why royalty rates can appear deceptively low on gross revenue and how the pre-payout phase shapes what producers actually owe.
D) The politics drum and bass goa trance, dark drum and bass, afro-cuban jazz doo-wop, grunge american primitivism · 4:22 A deep dive into the political power struggles that emerged from the 1973 economic shift, exploring how federal and provincial governments clashed over resources, revenue, and control during a pivotal moment of systemic change.