19th-century economic lessons | FT Markets
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► Subscribe to the Financial Times on YouTube: http://bit.ly/FTimeSubs The 19th century changed the economic environment through technological advances and world trade. Jim McCaughan of Principal Global Investors sees echoes of the era, through digitisation. He discusses what investors can learn by taking a long view. For more video content from the Financial Times, visit http://www.FT.com/video Twitter https://twitter.com/ftvideo Facebook https://www.facebook.com/financialtimes
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Excellent advice and insight, placing the financial markets within a greater historical content.
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The U.S. here had no central bank for most of the 19th century. Falling costs are a good thing. It's productivity that leads to consumption not the other way around. You guys should try Man, Economy, and State rather than just Keynes General Theory then you'll understand the time structure of the economy. He is probably right about people underestimating technology. Blockchain technology will change the financial sector radically.
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great piece!
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