TPMtalks with Liaquat Ahamed

TPM's David Kurtz talks with Liaquat Ahamad, author of Lords of Finance: The Bankers Who Broke the World, a book about the causes of the Great Depression. After working as an economist at the World Bank, he spent twenty-five years as a professional investment manager in London and New York. We talk with him about the financial crisis, and the nightmares therein that keep him up at night.

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News & Politics

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[burntonion05]

Rush Limpball and the morons in the Repub party probably think this guy is an evil terrorist. Sad

[tsuboimachi]

An earnest question: In what scenario would printing all these trillions dollars NOT lead to a huge devaluation of the dollar and massive inflation?

[ThisSentenceIsFalse]

This guys predictions have been right on the mark so far.

[optionsupdate]

@tsuboimachi doesn't the massive money printing just fill a whole left by the drop in home values?

[tsuboimachi]

Yes, I know he said "borrow" but the money has to come from someplace. When the US government "borrows" money, it must be printed - that is the job of the Fed.

[tannersanta]

The republicans are the ones who create this Franken stain like economy, stupid Obama is just trying to keep it alive, because if it dies, America dies.

We are addicted to this capitalist system, where anything goes, and only the rich get richer and the poor or middle class struggles a life time just to live decently.

It sad but it is the truth.

I hate Obama, because he is a coward who wont expose the republican party for what it really is, a protection racket for corporate America.

[codediporpal]

anybody that knows their stuff is angry.

[codediporpal]

he did not say print. borrowing is not printing.

[Chick6517]

what was that? i never seen someone do that beforethat was hilarious... i didnt see that one comming haha [=

[koren1124]

He sure does. But far as I can tell he knows his stuff.

[DoctorDoubleX]

The only scenario will take place 30 years from now. The actions taken by the current administration are long term investments not short term ones.