Nouriel Roubini - interview

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http://nourielroubini.blogspot.com




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[Icriedtoday]

@gregaci Yes, Roubini got lucky and predicted the crash, but he has no clue how to get us out of it. The ONLY reason he is popular today is that he subscribes to Keynes, just as the major media and beaurocrats.

[gregaci]

Spoken like a true Keynesian.  Don't we have enough of these guys in gov't?

[DizziNY1]

This guy is for redistribution of wealth it seems. Listen at 57 seconds.

[gregaci]

@Icriedtoday AGREED!

[Icriedtoday]

@jackdav34 No, I have not read his book. But I have heard him speak various times. If he praises Austrian economic philosphy, then he sure doesn't adhere to it. Here on youtube there are various videos (most notably one with Nassim Taleb) wherein he is criticized for his Keynesian philsophy.

[jackdav34]

President Obama,

Please fire Larry Summers and put this guy in charge of your economic team.

[jackdav34]

@Icriedtoday Your criticism of him is unfair. Have you read his book? He's not a rigid adherent of any school. He praises Austrian economics.

[jackdav34]

@wolfgang0070 Why do you put quotes over public good? The term public goods is used frequently in my ECO 100 text and it was written by a conservative.

[hymnofashes]

@wolfgang0070 In a modern economy there is no such thing as a free market. You know things like limited liability corporations, patents, intellectual property? Just regulating public goods involves massive interference. And, er... the money supply? The 'free market' is a regulated market in which wealth is redistributed upwards.

And don't even bother pretending Nouriel is dumber than you are.

[hymnofashes]

@Icriedtoday He didn't get lucky. Dean Baker also predicted it, but not only that, he explained it. Mainstream economists also saw it but were not concerned by it. Their incentives were to ignore it. Housing value has been flat for the past 100 years, and suddenly it surges by 40%, creating 8 trillion dollars of value? And that's IMPOSSIBLE IN PRINCIPLE to see?

[arrotoxietak]

Globalisation is not sustainable for all. We have 7 billion people on Earth, way too many for this economic model to have any future. The poor of the wolrd, the late-comers in industrialisation will be simply killed by the explosion of costs of raw materials and food. Read history, you will find a clear picture of the kind of cycle we are in.