Thought this would be the best place to post this gem.
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Re: Our financial system is crumbling this week.
Posted: January 27 10, 2:28 pm
by Freed Roger
Gashouse wrote:Thought this would be the best place to post this gem.
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diggin that entourage.
Re: Our financial system is crumbling this week.
Posted: January 27 10, 2:38 pm
by New Pagodi
How anyone can look at this mess and see it as an argument for unregulated markets is beyond me.
edit: After looking into it some more, I was mistaken in my assumption that Hayek and this video were proposing a totally laissez-faire economic policy. Instead they are arguing for a lesser role for the Federal Reserve and against central stimulus policies and remained silent about the role regulation of industry should play. So I admit was this video is not a response to the previous post. But I still agree with its content.
Re: Our financial system is crumbling this week.
Posted: January 27 10, 3:56 pm
by Eephus Speed
New Pagodi wrote:
How anyone can look at this mess and see it as an argument for unregulated markets is beyond me.
As she said, Wall Street likes the rules (or lack thereof) that got us in this mess. And both political parties are in their pockets, though 1 party is deeper than the other. I'm not as optimistic as Elizabeth Warren.
Re: Our financial system is crumbling this week.
Posted: January 27 10, 4:04 pm
by Jocephus
it seems to me that ms. warren is the only person who really cares about the issue...but i dont think she has much sway
Re: Our financial system is crumbling this week.
Posted: January 27 10, 5:27 pm
by Hungary Jack
Gashouse wrote:Thought this would be the best place to post this gem.
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Brilliant!
Re: Our financial system is crumbling this week.
Posted: January 27 10, 5:58 pm
by JackofDiamonds
Phenomenal.
Re: Our financial system is crumbling this week.
Posted: January 28 10, 9:56 am
by Freed Roger
We have a (BOA) Bank of America CC and someone suggested we should use up any points we've earned thru it, because BOA may be in new trouble.
Again, I'm a babe in the woods on the topics. But a general undereducated observation- its a sad sign how our economy has evolved - when gimmicks are so vital to stability/success of a major bank, maybe the entire economy. Its just another glimpse behind the curtain to see that the Great Oz is not so great.
In other BOA news - their CEO got a 19% raise.
Re: Our financial system is crumbling this week.
Posted: January 30 10, 12:11 pm
by Freed Roger
Gashouse wrote:Thought this would be the best place to post this gem.
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In case there any GRB economist groupies - Russ Roberts is behind this video. He is an economics professor at George Mason with a popular podcast. He used to reside in St. Louis working at Wash U - and was frequent guest in P-D editorials, and KMOX.