I disagree with Laura Tyson on Fed action -- I think it will lead to inflation.
Back to agreeing with Hubbard on the real problem being structural economic problems. Short term Fed action is not the answer and might re-create a bubble.
I don't know if they will believe Tyson because she says, "trust us."
Nobody ever defines what a "special interest" is.
"special interest" def. = A group that disagrees with someone politically.
Yes, we will be having our debate in the same studio, in a couple of minutes.
Freeland mentioning documentary Inside Job. We'll be posting an opinion piece by director Charles Ferguson shortly.
I totally agree with "cognitive capture." Hubbard doesn't think it was a problem because he is one of the people that has been captured.
Look, when private companies know they cannot fail no matter what they do because the gov't promises to bail them out, expect them to make really, really bad decisions.
No, we're going to make the same mistake. Our politicians will be bought by the bankers and they will suck all of the money out of the system.
I would pick Joseph Stiglitz to replace Larry Summers.
Look, the most recent financial reform law did nothing with Freddie Mac and Fannie Mae.
In what world does a Free Market include bailouts??
I loved the point about the Canadian banking system. They regulate much more -- and it works!!!
A Free Market requires failure
Stay tuned for Cenk and me in the next few minutes.....
We're going on in a couple of minutes, so I'm signing off now. Hope you enjoy our upcoming debate.
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