John Cassidy, Richard Koo, Ken Rogoff - Debts, Deficits and Global Financial Stability

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Uploaded by on Apr 22, 2010

The Inaugural Conference @ King's, Institute for New Economic Thinking, Opening Session Q&A.

Where are we now? Debts, Deficits and Global Financial Stability

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  • @rigoletto68 Soon to be retirees (baby boomers) are being sacrificed for the sake of future generations. Social programs such as social security etc.... will be saved at the expense and the benefit of the baby boomers.

  • The moderator looks incredibly bored.

  • re the IMF "bailout" of Great Britain in the mid 70s. Milton Friedman maintained that Great Britain didn't have any big problem, it had lots of new North Sea Oil revenue. It just needed to call in the consultants to tell it to do what it knew it had to do. "It's not my fault, the IMF told me to do it".

  • Savers and Frugal people are being sacrificed to save the banks with massive deficit bailouts. Buy precious metals and oil imo or you will lose your money to serious devaluation due to money printing.

  • Not everyone got the "disease" Some people were responsible with their money. These are now the people who are being punished the most. That will teach them to stop being so responsible.

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