Monetary policy and the state of the economy part 3 of 3

This is part of the U.S. congressional hearing on February 26, 2008; Ron Paul and Nouriel Roubini were speakers. I extracted only parts in which Paul and Roubini were in; the overall trial is about 3 hours long.

The hearing is about monetary policy and the state of the economy; much talk about inflation, the housing
market and the recession we are now in.

Category:

News & Politics

Tags:

• Ron
• Paul
• Nouriel
• Roubini
• Congress
• Economy
• Housing
• Bubble
• Recession

[grabagoodone]

Only one problem Mr. Paul has is that he talked too much.

[lamperoneagain]

Fuck the goverment. They should neve have saved the banks.

[poyetas]

yes,

the fine line between a regulated free economy or the "jungle" as Roubini refers to it.

My interpretation? Low interest rates created the behaviour which led to all of these ridiculous credit instruments. The basic premise of capitalism...the more money you have, the more money you make....

[atrickpay11]

Profwito: OK, but he is not for freedom either. He favors government restriction of the economy.

[Piscivorus]

I totally agree.

[atrickpay11]

Roubini is a socialist economist...

yuck.

[cjlee41]

america will be like mexico in 2 years

[ubornthick]

The recession will soon be over....then the depression will set in ,that of course be followed by a brief depression followed in turn by something that wont end

Its not a bubble its a tower of babel which has fallen ....and all the nations of the world marvelled!

[freedomman121]

I think it is the polite way of saying "being told the same lies over and over".

[freedomman121]

I think it is the polite way of saying "being told the same lies over and over".