does anyone think that both austrian ecocomics and FDR keynes approach are both wrong? that both dont provide the freedoms human should be afforded. why should i want a private master instead of a government master? still a slave
For gods sake Roosevelt was an utter disaster and Obama will be worse if he follows the suggestions of this fool.
They need to get an Economist on here instead of these damn Keynsians. How can they think that the government can make things better by stealing money from the people to give to the rich?
This video seems to offer the socialist approach while denouncing the corporatist approach. Would be refreshing to hear the Austrian Economic approach like what Ron Paul would advocate.
FreakishDonQuixote, that's not true. Ron Paul wants to regulate the Federal Reserve and bring the country back to a constitutional monetary system. Research the Austrian economic approach to solving our current situation. The current system is fundamentally flawed so throwing trillions of dollars at this 'crisis' isn't solving anything long term. Ron Paul has denounced the system for years and predicted this crisis. There are several videos here with him saying this for years on CNN/FOX/etc.
I am sorry if that is internet sarcasm (very bad idea because we can't hear your tone) but here goes:
FDR did it wrong. The reason why people say he is right are two reasons. The first being that after his proposals were "passed", the economy went up. The problem is that they were blocked by the supreme court and nothing happened. When they were enacted, the economy nosedived. The second being that WWII saved the economy and FDR was around at the time.
I'm not sure if you were trying to state what people said or it is your idea that WWII saved the economy.
How in the world can a war save any economy? If that was the case, shouldn't we have a surplus instead of this depression? after all, we have in this war for over 7 years.
The only companies that benefit with war are those run by the military-industrial complex and the people in general. No war benefits anyone, it is the investment in infra-structure and education that improves any country
Do you know what FREE MARKET Mean? If we had a truly free market these corporations would have gone bankrupt a long time ago, but we haven't had a free market since forever ago and these greedy corporations are still there because "government never really got out of Wall Street" , instead they bail these corporations out keeping them in power and we get stuck with the bill.
Were a FREE SOCIETY. Yet to minimize crime & keep criminals in check we have Police in every city, CORRECT?
Same thing with FREE MARKET. You know DAMM will that these Wall Street Hoodlums screwed us & screwed us good.
Government is now bailing them out with our tax money after they RAN AMOK because Clinton Administration signed legisation to allow FREE MARKET CAPITALISM & Bush believe FREE MARKET CAPITALISM should go unregulated.
BECAUSE OF YO-YO's LIKE YOU - THE FOX GUARDED THE HEN HOUSE!
Sorry, yo1dude1man, you're wrong. We haven't had a free market since 1913 when the central bank took over the monetary system. What's happening now is the socialization of theUInited States. We're taking a little of the hair-of-the-dog to make themselves feel good. What banker or Wall Street broker wouldn't take a risk on investments that are gauranteed by tax payers money? The owners of capital are being destroyed by bankers, and we'll all pay in the end.
Yo1dud1man, Stutube418 is correct. We haven't had FREE MARKET CAPITALISM (as you type it) in the United States for many decades. What we have is called 'corporatism.' As you point out, some big mistakes were made in sloppily partly deregulating. You are right that something is broken, but free market capitalism isn't the problem. The dollar doesn't represent capital, it represents debt. Reseach the Federal Reserve system and fiat currency. We have market economics, yes, but not capitalism.
yo1dude1man, If you think we still live in a free society you are either very young or very naive. It seems to me that the worst crimes were not made by Wall Street, but rather the U.S. government bailing out Wall Street with our tax dollars and now they are trying to blame Capitalism which is something that seems to happen every time the wealthy class want the middle class to bail them out. Ever notice that?
There's nothing wrong with Free Markets and greed. But in America we have socialism for the rich—bailout for banks—and free market for the poor. This is what they (politicians and propagandists) call capitalism in America.
The Swedes are awesome. My friend lives in Sweden, and he's currently travelling America with his family, buying up all the deals before the collapse. Sweden is highly taxed, but everyone is able to work and earn a living wage, and they feel protected and healthy. I've been there, I know how well they live. Just middle class folks, living much better than we do here in America. At any level, the Swedes are the best. America is way too religious and violent. Goes hand-in-hand.
Dont be fooled into thinking that the taxpayer bailouts were just designed to get the banks lending money again. The situation is much more perilous. Losses continue to be revealed, and Americas banking system is all but bankrupt—kept alive only through taxpayer blood.
think about it... you are enslaved to the things you receive. Especially when you think of the fact that it is all funded on debt, which entails your (the debtor) future productivity (which can't be guaranteed)... This is true of personal debt purchasing goods, or of deficit spending govts paying interest on sold T-bills...
I thought he was quite correct but you can't just let banks "fail" without it affecting other parts of the economy. And other banks :) Even though they deserve it the bastards
Yeah, I loved Rick Wolf's Interview, but the truth of the matter is that he's the only TRUE LEGITIMATE and PRODUCTIVE Economic Interview they've done thus far.... Economics isn't their strong suit...
Thanks for making me aware of Mr. Wolf's interview. While he does understand the consequences of Obama's stimulus plan his solutions are not much better at all.
He wants to tax the wealthy, have gov't save companies if they're about to fail, and a bunch of other socialists programs.
While of that sounds nice, it will only make us all poorer.
yeah he has a socialist outlook. but what he's saying isn't all that strange, it worked for most of Europe. In Scandinavia we tax the wealthy heavily, we have always had a strong state sector and nationalisations. People here are far from poor :) If you don't believe me, check the CIA world factbook and compare northern european states GINI index with that of the USA. It is used to show the level of income disparity, however much you buy into those statistics
The right wing government today is doing this. I'll tell you how it works out, for the time being the schools and the health care services have suffered from the tax cuts... and also infrastructure :) But maybe we will all roll in the dough tomorrow? :D
does anyone think that both austrian ecocomics and FDR keynes approach are both wrong? that both dont provide the freedoms human should be afforded. why should i want a private master instead of a government master? still a slave
TheMaineShag 2 years ago
The best way to kill a zombie bank...Shotgun!!!
FaaarLeft 2 years ago
For gods sake Roosevelt was an utter disaster and Obama will be worse if he follows the suggestions of this fool.
They need to get an Economist on here instead of these damn Keynsians. How can they think that the government can make things better by stealing money from the people to give to the rich?
Paetaor 2 years ago
This video seems to offer the socialist approach while denouncing the corporatist approach. Would be refreshing to hear the Austrian Economic approach like what Ron Paul would advocate.
jjnature 2 years ago
This is what the austrian nuts would do: nothing.
FreakishDonQuixote 2 years ago
FreakishDonQuixote, that's not true. Ron Paul wants to regulate the Federal Reserve and bring the country back to a constitutional monetary system. Research the Austrian economic approach to solving our current situation. The current system is fundamentally flawed so throwing trillions of dollars at this 'crisis' isn't solving anything long term. Ron Paul has denounced the system for years and predicted this crisis. There are several videos here with him saying this for years on CNN/FOX/etc.
jjnature 2 years ago
which has nothing to do with the crysis, like I said, they'd do nothing.
FreakishDonQuixote 2 years ago
Welcome to the dead BULL bounce, designed to encourage side liners to reinvest into wall st.
Please be very, very carefull.
antiparticlesteve 2 years ago
If Obama was and is that in bed with Wallstreet, he will reap what he has sown - economic ruin.
blackiron60 2 years ago
If the government would just stay out of the market we wouldn't be in this mess in the first place.
bryandenehy76 2 years ago
never heard that one before... next you going to say FDR did it wrong...
PersonalJesus348 2 years ago
I am sorry if that is internet sarcasm (very bad idea because we can't hear your tone) but here goes:
FDR did it wrong. The reason why people say he is right are two reasons. The first being that after his proposals were "passed", the economy went up. The problem is that they were blocked by the supreme court and nothing happened. When they were enacted, the economy nosedived. The second being that WWII saved the economy and FDR was around at the time.
radtex03 2 years ago
I'm not sure if you were trying to state what people said or it is your idea that WWII saved the economy.
How in the world can a war save any economy? If that was the case, shouldn't we have a surplus instead of this depression? after all, we have in this war for over 7 years.
The only companies that benefit with war are those run by the military-industrial complex and the people in general. No war benefits anyone, it is the investment in infra-structure and education that improves any country
ytbmmvi 2 years ago
yea people dying is bad for the economy...
spending money on bombs that explode, bullets that fire once etc its such a waste of money.
the expenses of war know no equal in human history...
micahgee 2 years ago
Helllooooo!
All this crap is because of DEREGULATION!
Do you know what deregulation means?
It means the government got out of Wall Street and told the Corporation, "Ok guys! You're in charge!"
Now look at the mess Wall Street dropped on US Tax Payers lap!
But look no further that former Rep. Senator Phil Gramm's Glass Steagall ACT of 1999, and the Commodity Futures Modernization Act of 2000.
Today, we're seeing the disastrous results of those two pro-Wall Street [govt keep out] legislations.
yo1dude1man 2 years ago
Do you know what FREE MARKET Mean? If we had a truly free market these corporations would have gone bankrupt a long time ago, but we haven't had a free market since forever ago and these greedy corporations are still there because "government never really got out of Wall Street" , instead they bail these corporations out keeping them in power and we get stuck with the bill.
bryandenehy76 2 years ago
Were a FREE SOCIETY. Yet to minimize crime & keep criminals in check we have Police in every city, CORRECT?
Same thing with FREE MARKET. You know DAMM will that these Wall Street Hoodlums screwed us & screwed us good.
Government is now bailing them out with our tax money after they RAN AMOK because Clinton Administration signed legisation to allow FREE MARKET CAPITALISM & Bush believe FREE MARKET CAPITALISM should go unregulated.
BECAUSE OF YO-YO's LIKE YOU - THE FOX GUARDED THE HEN HOUSE!
yo1dude1man 2 years ago
Sorry, yo1dude1man, you're wrong. We haven't had a free market since 1913 when the central bank took over the monetary system. What's happening now is the socialization of theUInited States. We're taking a little of the hair-of-the-dog to make themselves feel good. What banker or Wall Street broker wouldn't take a risk on investments that are gauranteed by tax payers money? The owners of capital are being destroyed by bankers, and we'll all pay in the end.
StuTube418 2 years ago
Yo1dud1man, Stutube418 is correct. We haven't had FREE MARKET CAPITALISM (as you type it) in the United States for many decades. What we have is called 'corporatism.' As you point out, some big mistakes were made in sloppily partly deregulating. You are right that something is broken, but free market capitalism isn't the problem. The dollar doesn't represent capital, it represents debt. Reseach the Federal Reserve system and fiat currency. We have market economics, yes, but not capitalism.
jjnature 2 years ago
yo1dude1man, If you think we still live in a free society you are either very young or very naive. It seems to me that the worst crimes were not made by Wall Street, but rather the U.S. government bailing out Wall Street with our tax dollars and now they are trying to blame Capitalism which is something that seems to happen every time the wealthy class want the middle class to bail them out. Ever notice that?
bryandenehy76 2 years ago
This has been flagged as spam show
There's nothing wrong with Free Markets and greed. But in America we have socialism for the rich—bailout for banks—and free market for the poor. This is what they (politicians and propagandists) call capitalism in America.
Meloman0001 2 years ago
Comment removed
Meloman0001 2 years ago
watch the Obama Deception. you will see that all of his cabinet has wallstreet connections.
Idtelos 2 years ago 2
The Swedes are awesome. My friend lives in Sweden, and he's currently travelling America with his family, buying up all the deals before the collapse. Sweden is highly taxed, but everyone is able to work and earn a living wage, and they feel protected and healthy. I've been there, I know how well they live. Just middle class folks, living much better than we do here in America. At any level, the Swedes are the best. America is way too religious and violent. Goes hand-in-hand.
frwlbrng 2 years ago 4
It is obvious that nobody knows anything.
prisha91755 2 years ago 2
Dont be fooled into thinking that the taxpayer bailouts were just designed to get the banks lending money again. The situation is much more perilous. Losses continue to be revealed, and Americas banking system is all but bankrupt—kept alive only through taxpayer blood.
LILUCKSMO80 2 years ago
Hard to enslave people when you give them stuff
tradergee1 2 years ago
think about it... you are enslaved to the things you receive. Especially when you think of the fact that it is all funded on debt, which entails your (the debtor) future productivity (which can't be guaranteed)... This is true of personal debt purchasing goods, or of deficit spending govts paying interest on sold T-bills...
benjis007 2 years ago
good point
tradergee1 2 years ago
Long live The Zeitgeist Movement, The Venus Project and a RESOURCE BASED ECONOMY!
RedOutcast 2 years ago 4
thank you.
spenseravery 2 years ago
just nationalize the fucking bank,
they should be nationalized anyways!!!!!!!
zoticus1 2 years ago
I agree, this guy is completely lost
OPERATIONLIBERTYNYC 2 years ago
I thought he was quite correct but you can't just let banks "fail" without it affecting other parts of the economy. And other banks :) Even though they deserve it the bastards
AbtinX 2 years ago
This comment has received too many negative votes show
The Real News should stick to reporting on the US empire and illegal wars and leave the economic stuff to people who really understand it.
jortizz 2 years ago
What are you talking about? Didn't you see the Rick Wolff interview?
AbtinX 2 years ago 2
Yeah, I loved Rick Wolf's Interview, but the truth of the matter is that he's the only TRUE LEGITIMATE and PRODUCTIVE Economic Interview they've done thus far.... Economics isn't their strong suit...
billionaireby16 2 years ago
Yeah that's quite true :) I hope they bring him back, he is very good
AbtinX 2 years ago
Thanks for making me aware of Mr. Wolf's interview. While he does understand the consequences of Obama's stimulus plan his solutions are not much better at all.
He wants to tax the wealthy, have gov't save companies if they're about to fail, and a bunch of other socialists programs.
While of that sounds nice, it will only make us all poorer.
jortizz 2 years ago
yeah he has a socialist outlook. but what he's saying isn't all that strange, it worked for most of Europe. In Scandinavia we tax the wealthy heavily, we have always had a strong state sector and nationalisations. People here are far from poor :) If you don't believe me, check the CIA world factbook and compare northern european states GINI index with that of the USA. It is used to show the level of income disparity, however much you buy into those statistics
AbtinX 2 years ago 2
"In Scandinavia we tax the wealthy heavily, we have always had a strong state sector and nationalisations. People here are far from poor"
Just think for a second if your government did not do these things....you would all be richer than what you already are :)
jortizz 2 years ago
The right wing government today is doing this. I'll tell you how it works out, for the time being the schools and the health care services have suffered from the tax cuts... and also infrastructure :) But maybe we will all roll in the dough tomorrow? :D
AbtinX 2 years ago
economyincrisis. org has an entire page devoted to the Bailout and nationalization process
charr05 2 years ago
Take over of the nation.
ddiiaa52 2 years ago 2