Cenk Interviews Economist Joseph Stiglitz On Fed, Economy & More

[TheReallitycheck]

So Stiglitz and Cenk agree, wrong desicions are made and changes have to be made. Everybody knows what got us into trouble, but is something being done about i? Yes we know they are criminals and should be locked up. But since 2007 its only been talk talk and talk,and believe me talk is all were going to get till another financial collapse will come. And then we'll still get alot of talk. Thats the problem, to much talk and no action, except giving the bankers what they want. And not the people.

[WARDOG1138]

Did Cenk blush there at the end?? ;)

[bshogry]

I heard on tv Goldman Sachs told their employee's to carry guns for their own safety. They must fihure theres goning to be some payback coming their way. :D

[dromar209]

Can't believe the finance gurus and how badly they hosed the economy through either incompetence or greed. So, if the architects of another vital aspect of society, such as bridge engineers or aircraft engineers or food product manufacturers, had screwed up so badly, heads would roll. It screams for justice.

[ResParaCue]

@dromar209 I think you're right about their greed. Im not so sure they are incompetent though. From our honest perspective I think they crooks. But without trying to sound like a complete conspiracy theorist, I think at some level the bankers weighed their options and went through with these practices and schemes knowing that they could lean heavily on Congress for a bailout. We are the suckers unforntunately, and that status quo is not about to change. Your thoughts?

[jeremy8080]

The idea that the Fed has "stabilized" the business cycle is a myth; a decade cannot go by without an economy wide recession, and every few decades there is a world wide monetary crisis that necessitates a panicked implementation of a new worldwide monetary scheme.

[jeremy8080]

Instability and bank failures is caused by fractional reserve banking, which the Fed has not changed; it's only created a fractional reserve cartel. So now, instead of the instabilities being relatively small and geographically and temporaly discoordinated, now they are synchronized by the banking cartel, so that they are much, much deeper.

[jeremy8080]

And I said we should have a gold standard? No, I said we should end the Federal Reserve and stop letting private banks print and inflate money! Fiat money holds its value? are you kidding me? really how much value has the dollar lost since 2000?

[jeremy8080]

How about we just end the fed?

[upplsuckimcool16]

"Making weapons that don't work to fight bad guys that aren't there is definitely a primary thing to cut" (paraphrased obviously but AWESOME!!!)

[jaba987]

all cheap baloney talk, did anyone hear the AUDIT THE FED! in this interview?

[bemaniac2]

love this interview

[upplsuckimcool16]

This video needs SO many more views ten it has. Now I understand it is proly not even two days old yet but the regular TYT channel gets at LEAST 2000 views in the first day. I think they should cut this channel and put their interviews on their regular channel then people like Joeseph Stiglitz will have more "incentive" to appear on the show. I understand this is proly played on XM radio also and there are those viewers but TYTinterviews has way to little subs

I'M SUBBED JUST TO LET YOU KNOW :)

[doctender77]

Nice get TYT! I like the ideas unfortunately bc those in power benefit so tremendously from the status quo i don't see anything really changing. This isn't what the public is talking about. They're talking about Jersey Shore. Until the public really takes interest in this we're going to be stuck with this insane privatived gain/socialized risk structure.

[sugarmountain560]

keynesianism. yuck.

[eirefrance]

Uninformed labelism.  yuck.

[freshhug]

Member of teh world bank..., hmm, isn't that the bank that aid in taking over southamerican countrys for USA and special interests?? ;) the devil in sheeps clothes..

[jaba987]

@freshhug good call, not once did I hear audit the fed in this interview.

[upplsuckimcool16]

I've never heard Cenki EVER say anything like that. I don't think Cenk quite understands the fed and I don't think it's on his mind often. I would love him to watch that movie by the independent film maker... I forget the name of the movie NO Zeightgeist I think the name of it is actually now that I thought about it for a second.

[jo05dk]

Think you're talking about Zeitgeist right?

If you believe Cenk needs to learn more facts about any of the subjects shown in that movie, you need to come up with a proper source.

Zeitgeist, at least the part i worked with (9/11) is full of shit. I don't clame to know if Peter Joseph is using material he knows is false, or he's a naive guy that just wanted topromite his dream of another world order. Either way: Judging from the 911 part Zeitgeist isn't the place to go if you want knowledge.

[grieske]

It is a good movie though. It's captivating and exciting. It's got everything that a good thriller needs. Almost like the books by Dan brown. I have to admire that.

[jo05dk]

Grieske: I fully agree. It's a great piece of work if you look at it that way. Man i got caught up in it the first couple of times i watched it:)

Only problem with it is that so many people actually believe the bs story that it tells. In that way it does real harm.

[Clagnaught]

That's great Cenk was able to talk with Stiglitz

[ASRIBEIRIO]

It's pretty disappointing Stiglitz would claim Bernanke thinks markets are efficient and that bubbles don't exist. I know Stiglitz is not a marcoeconomist or a monetary theorist, but I'd expect that someone of his caliber would be familiar with Bernanke's academic work which is probably some of the best monetary theory out there. He's one of the guys that wrote the books on New Keynesian economics (which Stiglitz wrote the microfoundations for basically).

[Owner46]

I agree completely with this. People seem to be jumping on the Bernanke hate wagon forall the wrong reasons.

[upplsuckimcool16]

He's also one of the guys that brought upon the worse economic hardship we've had since the great depression.

[ca91101]

T Y Muthafakkin T Nation BITCH!