February, 2009

Two Economists with Contrarian Ideas

The following video demonstrates how the mainstream media just don’t ‘get it’ when it comes to the real causes of the economic train wreck unfolding now. Two of the best minds in economic thinking are trying to explain it in no uncertain terms. I think the editorial team in charge must be crazy: why would you invite these guys on and then let that stupid panel of noisy, uneducated journalists keep dumbing down the dialogue? I mean, let them tell it like it is and stop interrupting them. If you want real causes, let them talk, for pity’s sake! And why are the interviewers so bloody sarcastic? Anyway, check out the video and see for yourself. Again, they’re trying to cover up the systemic causes. Just like in the Peter Schiff video, they don’t want to pull of the mask and see who’s responsible. They’re still in Obamalalaland: where trillion-dollar taxpayer bailouts will solve everything. Here’s the vid:

Where has the Monetarist/Corporatist model gotten us?

As we see the Liberal Economists’ worldview crumble before their eyes, it’s instructive to look back into the past to see where they were coming from when they came up with all these pyramid schemes such as restructured debt vehicles, repackaged mortgages, trickle down economics, Reaganomics, Thatcherite economics, and US dollar hegemony. In this video, the great Phil Donahue poses a good question to the “founding father” of monetarism (the theory of basing our global economy on a single ‘fiat’, reserve currency): how can you justify the ‘greed’ of it all. When I saw this video, I had never seen the ‘famed’ man before, but after I saw it, I knew I’d never forget that smug face and his response. We can lay some of the blame for the big problems facing the world today on this man, for sure. Listen to his response: