Let Banks Fail

Government intervention - not the rigours of the free market - is the cause of financial mayhem.

Chris Leithner speaking at the Festival of Dangerous Ideas (http://fodi.sydneyoperahouse.com/) on Letting Banks Fail, and in particular how Central Banks already have.

Whereby government intervention - not the rigours of the free market - is the cause of the financial mayhem on Wall Street that becomes economic crises on Main Street. The Global Financial Crisis shows that it is not 'capitalism' (Karl Marx's insult of choice) or 'extreme capitalism (Kevin Rudd's) that has failed but the 'mixed economy'. To stop these crises, we need to free the market and allow it to do its job. In a free society, no bank is so big or important that we shouldn't let it fail.

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  News & Politics

[edwinorc]

Wow people actually talk about this stuff in Australia.

[cbhavsar1]

Ravi at 46:02 is a brainwashed Keynesian who believes Fractional Reserve Banking is a principle more fundamental than gravity or electromagnetism.

[Samsgarden]

tomwoods.c om/blog/repeal-of-glass-steaga­ll-had-nothing-to-do-with-the-­crisis/

[ajavajive]

Look up One People's Public Trust, we are now free of the banksters hold.

[SyntroBridge]

Institute "Glass-Stegal"...Liberty has its cost and benefit, that of self directed enlightened self interest and ultimately empowers the Soul's development regarding self responsibility.

[elbuggo]

46:59 - She was the cutest.

[Samsgarden]

Excellent, I've been waiting for this release. Chris is a true maverick. I hope to see much more of him, hopefully in Australian politics too.