The Road Back: From Economic Meltdown to Renewal

go ahead and read Murray Rothbard's America's Great Depression to learn about the Austrian Business Cycle

So you're saying that if the Fed had more power they could have prevented this mess? Come on, they are the genesis of this fiasco! The public doesn't need more regulation, they need less.  You seem to think that we can be saved by bureaucracy. Human beings acting in their own self-interest or human beings acting as bureaucrats, take your pick. Hold out your arms to take on your chains of regulation. I don't know, maybe you like the serfdom lifestyle, but I don't.

I'm sorry, but Charlie Rose lost me when he introduced Penny Pritzker--a person who buys access with her daddy's money. She's also connected with Superior Bank, a failed institution from the '90s that specialized in sub-prime loans and other risky behavior that caused federal regulators to close the family-owned bank. And that was long before bank failures became in fashion, as they are today. So I guess she could add to discussion on how to make the most of bank failures. Puhleeze!

Disappointed that they all just go along with the idea that we NEEDED a bailout. Almost as if discussing the alternatives are insane. Throw an austrian economist into that panel and they would have been torn to shreds. Not much a of debate when everyone agrees with everyone.

i was thinking the same thing, but then again its exactly what I expected to hear: a bunch of main-stream economics academics who sadly haven't a clue.

I had (past tense) a somewhat high regard for Stanford before this video, but now? This does not give me much hope for the future.

3rd time I've had to send this? What up with that?

I find it disappointing that no one would rationally discuss the federal reserve role in the mess. How can you have a serious discussion about educating folks on the problem if no one want to discuss the obvious problems?

Why would this surprise you?
The Fed has allways controled the politics.
Remember the Golden Rule?
Too many people refuse to study history,and we forget things fast.

Penny Pritzker contributed little to the discussion.

She got onstage with daddy's money, as all current generation of that family do.