Noam Chomsky on the economy and democracy Pt.3

More at http://therealnews.com/t/index.php?option=com_content&task=view&id=102

Chomsky: It should be remembered that Germany went to the depths of barbarism in 10 years

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[LibertaerUeberAlles]

Anyone who references Krugman as an authority on bailouts obviously has no clue. It's not really funny though, but rather somewhat frightening that people can be so easily fooled into letting their standard of living be lowered for the sake of corporate profit.

[LibertaerUeberAlles]

HAAVARA AGREEMENT

"[A]n official contract between the Third Reich authority and Zionist Authority benefiting the interests of both parties. Haavara was intended to promote both the emigration of German Jews and the export of German products to Palestine.[...] The outbreak of war in September 1939 ended the transfer practice." hubpages[dot]com/hub/The-Haava­ra-Agreement

[JagjeetMann]

@LibertaerUeberAlles Says someone who is a Ron Paul libertarian and a Nazi sympathiser (just looked at your page) what the hell are you even on? Krugman is a Nobel Prize winner in Economic sciences, he knows what he's on about, he's an economist and Chomsky was right to cite him. You need to READ.

[mattowine]

'a prima deluge' or whatever the interviewer said, GET REAL

[silverbeatful]

ffs.

just let him talk

- listen.

and perhaps learn.

[PADRAEG]

WE SHOULD ALL pay attn to Chomsky, left or right. In this segment, he nails it!

[muffinblighter]

This interviewer sucks. Why do you keep interrupting chom with your inane questions? How the he'll did you get in that office.

[funkymunkyzap]

Yeah, he's a smart guy. But he's just talking, let's see some numbers.

[dempsey981]

@LexPhilogus he he what a perfect dumbass question!!

[Defsolid]

@bonfirejovi can you elaborate on Chomsky's economic illiteracy, as a none expert in economics i didn't perceive the latter in what he said. Thanks

[bonfirejovi]

@metalshredder Krugman is a trade economist, not a trained macro economist. Friedman was good for his time and very successful at predicting stagflation and reversing it but he got old and lost it imo. Friedman's monetarism ultimately wanted to keep the expansion of the money supply small which is not what Greenspan did. Oh and Chomsky is a pure economic illiterate, no two ways about it.

[LibertaerUeberAlles]

@metalshredder

Is that quote authentic? Friedman's Monetarism is reasonably sound. But, ultimately, it's socialistic in nature and human behavior can't adhere to it. Many people say he got everything right except "the money."

Yes, I believe it's possible to be good at certain aspects of world affairs, yet be economically illiterate. Chomsky's strength is in analyzing rhetoric. Krugman's strength...in my opinion, he's a propagandist for the international banking cartel, The Fed, IMF...