James K. Galbraith Talks to TYT About the Bailouts

Watch more at http://www.theyoungturks.com.

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News & Politics

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• bailouts
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• uygur
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• tim
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[rborchers7]

Obviously trying to have a civilized conversation with you is out of the question, and no, I don't think the 78,000+ pages of economic regulation is enough, obviously. It was the repeal of those regulations set after the great depression that allowed the loop hole for these CDOs and CDSs and mangled webs to form.

[seanotube85]

The economy is just a reason/excuse for us not to care about each other.

[MEpianist]

Jamie, run for PRESIDENT!

[theH0UNDSofD00M]

Who needs to know about economics to understand that there's nothing free about the market.

Too Big To Fail / Too Small To Matter

Wont be long now...

[theH0UNDSofD00M]

When you finish to tap your mate on the back maybe you would like to enlighten us about all the oh so wise comments you two seem to share.

[tesla921]

At least you can take consolation in knowing you are on the side of what is right.

I just refer the socialists and facists (both are wrong when discussing economics or freedom) to LRC or STR and let it go at that. The intellectually curious will check it out. ...Most won't.

[readthepaper]

Yeah it really is sad. Look at the discussion, it's like trying to explain nuclear physics to a mentally challenged 5 year old. How can any of us have a serious debate/discussion when people don't even understand how the price system works? Sometimes I wonder why I bother.

[KezRox]

Check around for the news that just came out today that China, the nation that has the most butt-kicking economy in the world right now, has instituted plan to reform it's healthcare system. The reasons given for the decline? Turning over health care to the private sector in 1992!

[KezRox]

Obviously not everything the public sector does turns to shit, & not everything the private sector does is gold. Cutting taxes does no good w/o reciprocal budget cuts and tariffs probably shouldn't be used during a crisis. However, Japan had success in the auto industry through help from an activist government. Medical research as well as the aforementioned Interstate Highway system, the Internet, and the Broadcast industry are also examples of stuff that was helped by public assistance.

[KezRox]

Amtrak would have faired better without Reagan's cutbacks. Ask Greenspan about how allowing investment banks to self regulate was a disaster. Sen Gramm & repeal of Glass-Steagall is largely to blame for the housing crisis. If their was REGULATION of the housing industry, predatory lending wouldn't have happened. Conversely, the internet was built by RAND and ARPANET, hardly the private sector. Same with the Interstate highway system.

[tesla921]

It's nice to read the comments of someone who actually understands economics. Most of the responders on youtube are state indoctrinated ignoramuses fully in line with the socialist doctrine taught in the public schools and in the" institutions of higher learning".