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James Galbraith on the crisis
The three-part video presentation below features James Galbraith, professor of economics and government at the University of Texas (Austin) and author of a number of books, speaking at The Economics of Peace Conference in Sonoma, California in October of 2009. Part 1: Part 2: Part 3: Source: Vimeo, November 23, 2009 (hat tip: Credit Writedowns). More on this topic (What's this?) Is time spent learning dividend investing worth it? (Part 2) (Dividend Growth Investor, 9/10/15) #LifeOnMars (Venture Chronicles, 8/31/15) 3 High Yielding Low Beta Stocks With Yields Up To 12.28% (The DIV-Net, 8/18/15) 1 comment to James Galbraith on the crisisLeave a Reply |
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By Prieur du Plessis, on December 18th, 2009 posted in: 
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Galbraith is succinct in explaining the financial events over the past 2 years, no doubt here, but fails to listen to his own words. As typical with all hubristically blinded socialists he advocates more of the same policies which brought us to the brink in the first place.
What he calls medicines, the antibiotics of government largesse required to fix the problem is in reality no more than pain killers maskerading as true healing of the illness. Banks, according to Galbraith are the answer to revival. Read that as the Fed printing money is the cure all.
The apple really dosen’t fall far from the tree. The clip is definately well worth an hours time to view though, whether you agree with his politics or not.