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How Politicians Ignored the Lessons From the 2008 Financial Crisis | Thomas Sowell

17,355 views

Sowell Explains

Video Language:

  • English

Caption Language:

  • {{captionLanguage | language_name}} ({{captionLanguage}})

Accent:

  • English (US)

Speech Time:

87%
  • 4:08 / 4:44

Speech Rate:

  • 170 wpm - Fast

Category:

  • Education

Tags :

Intro:

Video Vocabulary

bureaucrats

/ˈbyo͝orəˌkrat/

noun other

official in government department. Official who enforces petty rules.

inability

/ˌinəˈbilədē/

noun

Lack of ability, power, or means to do something.

schemes

/skēm/

noun other verb

large-scale systematic plan for attaining particular object. Plans (sometimes dishonest) to get or do some things. To make secret plans to do something (often bad).

politicians

/ˌpäləˈtiSHən/

noun other

person who is professionally involved in politics. People whose job is in politics.

administrations

/ədˌminəˈstrāSH(ə)n/

noun other

management of public affairs. People managing a business, government etc..

downturn

/ˈdounˌtərn/

noun verb

Worsening of business or economic activity. (Of business or economy) to worsen.

mortgage

/ˈmôrɡij/

noun verb

loan obtained with property as security. convey property to creditor as security on loan.

government

/ˈɡəvər(n)mənt/

noun

Group of people and system that rule a nation.

markets

/ˈmärkət/

noun other verb

gathering for trade. Public events where people sell goods on tables. To publicize products to get you to buy; advertise.

bureaucracies

/byo͝oˈräkrəsē/

noun other

system of government. Governing system with many rules and officials.

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