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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[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.

[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".

[readthepaper]

The best thing the silly fascist can come up with is FM radio and the false claim that high tariffs are why Japan has a successful auto industry. What a joke. No wonder our country is filled with morons.

[readthepaper]

In the 1930s the government did everything possible to use its fascist policies to "fix the depression" and made it last seventeen years contrasted with the 18 month debacle of 1920-1921. We had the greatest growth in the world, during the industrial revolution, with no central bank, no income tax, and no safety net. How's that for history? You believe in the economic doctrine of an idiot who thought natural disasters and building pyramids was good for the economy; give me a break.

[readthepaper]

Yeah the government has made a lot of great things like the postal service, amtrak, fannie mae, freddie mac, etc. What a bunch of success stories. It's funny how the two biggest failures in the U.S. economy, banking and housing, have the most government involvement. If you want to talk about history, the depression of 1920 saw a 24% decline in GNP and unemployment increase nearly 2.5x; far greater than 1929. The government did nothing and it was over in a bit more than a year.