Martha Olney is an economist and Teaching Professor in Berkeley's Economics Department.
Show notes

Selected links
Follow Martha: Website | Twitter
Buy Now, Pay Later: Advertising, Credit, and Consumer Durables in the 1920s, by Martha Olney
Did Monetary Forces Cause the Great Depression, by Peter Temin
Advertising the American Dream: Making Way for Modernity, 1920 – 1940, by Roland Marchand
Traitor to his Class:The Privileged Life and Radical Presidency of Franklin Delano Roosevelt, by H. W. Brands
'The Consequences of Mortgage Credit Expansion: Evidence from the U.S. Mortgage Default Crisis', paper by Atif Mian and Amir Sufi




Topics discussed
How did Martha become interested in the history of consumer credit? 3:28
The birth of consumer credit. 6:54
How consumer credit companies and advertisers midwifed a change in cultural attitudes regarding borrowing. 16:41
What is the relationship between the increase in inequality and the rise in consumer credit during the 1920s? 31:34
Political elites in the Great Depression versus the Great Recession. 47:35
How did studying the 1920s prepare Martha for the Great Recession? 54:58
If private debt is capitalism's Achilles Heel, what should we do about it? 57:54

Martha Olney is an economist and Teaching Professor in Berkeley's Economics Department. <h1>Show notes</h1>Selected links<ul>
<li>Follow Martha: <a href="https://eml.berkeley.edu//~olney/">Website</a> | <a href="https://twitter.com/MarthaOlney?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor">Twitter</a>
</li>
<li>
Buy Now, Pay Later: Advertising, Credit, and Consumer Durables in the 1920s, by Martha Olney</li>
<li>
<a href="https://www.amazon.com.au/Monetary-Forces-Cause-Great-Depression/dp/0393092097">Did Monetary Forces Cause the Great Depression</a>, by Peter Temin</li>
<li>
<a href="https://www.amazon.com/Advertising-American-Dream-Modernity-1920-1940/dp/0520058852#:~:text=In%20%22Advertising%20the%20American%20Dream,more%20accurately%20than%20its%20reality.">Advertising the American Dream: Making Way for Modernity, 1920 – 1940</a>, by Roland Marchand</li>
<li>
<a href="https://www.amazon.com.au/Traitor-His-Class-H-Brands/dp/0307277941">Traitor to his Class:</a> <a href="https://www.amazon.com.au/Traitor-His-Class-H-Brands/dp/0307277941">The Privileged Life and Radical Presidency of Franklin Delano Roosevelt</a>, by H. W. Brands</li>
<li>'The Consequences of Mortgage Credit Expansion: Evidence from the U.S. Mortgage Default Crisis', <a href="https://academic.oup.com/qje/article-abstract/124/4/1449/1917185">paper</a> by Atif Mian and Amir Sufi</li>
</ul> Topics discussed<ul>
<li>How did Martha become interested in the history of consumer credit? 3:28</li>
<li>The birth of consumer credit. 6:54</li>
<li>How consumer credit companies and advertisers midwifed a change in cultural attitudes regarding borrowing. 16:41</li>
<li>What is the relationship between the increase in inequality and the rise in consumer credit during the 1920s? 31:34</li>
<li>Political elites in the Great Depression versus the Great Recession. 47:35</li>
<li>How did studying the 1920s prepare Martha for the Great Recession? 54:58</li>
<li>If private debt is capitalism's Achilles Heel, what should we do about it? 57:54</li>
</ul>

Joe Walker hosts refreshingly in-depth conversations with founders, scientists, scholars, economists, and public intellectuals.

(Formerly 'The Jolly Swagman Podcast'.)

Joe Walker hosts refreshingly in-depth conversations with founders, scientists, scholars, economists, and public intellectuals.
(Formerly 'The Jolly Swagman Podcast'.)

Joe Walker hosts refreshingly in-depth conversations with founders, scientists, scholars, economists, and public intellectuals.

The Joe Walker Podcast

The JSP is a weekly exploration of questions that are both important and overlooked. Joe Walker, a former political speechwriter helping to build a Y Combinator-backed startup, hosts refreshingly in-depth conversations. Topics cover capitalism, science, business, culture and politics. Guests include Nobel laureates, former prime ministers, authors, entrepreneurs, investors and thought-leaders. Australia's best long-form podcast. A space for curious contrarians.

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