Follow the link for the full summary:

https://markusacademy.substack.com/p/covid-19-debt-monetization-and-lessons

Link to sign up for the webinar series:

https://markusacademy.substack.com/

On April 24, 2020, Harold James joined Markus' Academy for a webinar on the history of war financing and lessons for COVID-19. James is a Professor of History and International Affairs at Princeton University.

Download the slides here.

Timestamps:

[0:00] Markus’ introduction

[17:39] James’ presentation begins

[18:29] Learning from past disasters?

[19:34] Wartime

[21:29] The immediate response

[31:26] Central bank financing

[35:51] Inflation

[36:38] Dramatic changes in relative prices

[39:45] Two contrasting models: UK/US vs. Central Europe

[44:52] Postwar monetary and fiscal management

[46:09] German inflation, 1914-1923

[47:31] Taxation (US)

[50:43] Non-financial corporate debt

[51:56] Longer-term perspectives

[56:55] Exceptionality of 1945-1979 Period

[58:44] Audience questions