Steve Forbes - The Weak Dollar and the World Economy

Complete video at: http://fora.tv/2008/08/07/Steve_Forbes_Elections_and_the_Credit_Crisis

Forbes Magazine Editor-In-Chief and two-time Republican Presidential candidate Steve Forbes argues that a strong, stable dollar is crucial for the U.S. economy, and examines how business innovation can encourage U.S. competitiveness in the global economy.

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Leading economic prognosticator, Steve Forbes says the upcoming presidential election is the most critical since 1980. At that time, Ronald Reagan defeated incumbent Jimmy Carter, ushering in dramatic new policies that would set the course of this country for the next quarter-century.

What course does Forbes believe the country should take to end the current credit crisis? Will he promote a flat tax, medical savings accounts and a new Social Security system as he did for his 1996 and 2000 presidential platforms?

Join us as we discuss what's next for the U.S. economy - The Commonwealth Club of California

Steve Forbes is President and Chief Executive Officer of Forbes and Editor-in-Chief of Forbes magazine.

Since Mr. Forbes assumed his position in 1990, the company has launched a variety of new publications and businesses. They include: Forbes FYI, the irreverent lifestyle supplement; Forbes Global, the magazine's international publication; and Chinese, Korean, Japanese, Brazilian, Russian, Arabic and Hebrew editions of the magazine. Forbes also publishes the Gilder Technology Report, as well as a number of investment newsletters.

In 1997 Forbes entered the new media arena with the launch of Forbes.com. The site now attracts over seven million unique visitors a month and has become the leading destination site for business decision-makers and investors.

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News & Politics

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• markets
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• tax
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• global
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[sysopkc]

Iike Steve Forbes, I think he is a sharp guy BUT based on alot of what he has said, and events that have taken place since until now (June 14,09 foday) What he has predicted has been wrong. Although I agree with his statements here. Although I think Marc Faber has a better take on the future direction and timeline of our currency.

[adaboy65]

I love steve. He's my hero!

[psusac]

This guy is not an economist, and economists don't even agree with each other. Why should we believe him?

He's very rich. He's on that stage because he is a powerful man with an agenda. What is his agenda and why should we trust him?

He might believe what he's saying and he's probably a very nice man. But there is no reason to give his opinion any more weight than any other lay person, and there is no reason to trust his agenda.

[psusac]

Here is why this is all bullshit - economic theory is used by people with an agenda to promote their economic agenda, thereby changing the economy.

Economic theory changes the systems it is trying to predict.

It is used by the powerful to rationalize and justify their acquastion of power. The economy is complicated. Anyone who tells you that they know how it works is lying. The best they can do is make educated guesses and judgment calls.

[pepintheshort100]

Nice guy. I always liked him.

[hodoprime]

Initially, printing money creates more investment, not less. Although this is more malinvestment than actual wealthbuilding so this is the biggest reason behind the boom- bust cycle.

[LedZepfan122]

@bvagasky83 you sound like a fag.

[bvagasky83]

@LedZepfan122 Is coherancy a bit too much to ask for? I love how tough people are on the internets. Ah, well, what can you do?

[LedZepfan122]

@bvagasky83 whos gonna laugh at your comment? nobody. so then that means you look for comments like mine and make fun of the author, oh real funny, you must have a phd in being a fucking douchebag, go look what he did to Rage Against the Machine on SNL you fucking cunt

[bvagasky83]

@LedZepfan122 You sound intelligent (not really).

[LedZepfan122]

steve forbes is a bitch