With the 30% loss (thus far) in wealth in the U.S., it’s worthwhile to step back and take an historical look at how this came to pass. Perhaps we can keep us from making the mistakes of the past again. Yes, again.
I highly recommend the 12 minute video below as preparation for the upcoming battle over the best way to re-regulate the financial markets. There won’t be any serious battle over whether to re-regulate. The Age of Friedman has ended. The best that the Friedmanites and one-note Supply Siders can hope for is that the Age of Krugman has not begun. But it may well have…
If you’d rather read the transcript than watch the video, click here.
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Great piece…. saw it live, now I can share it with others… thanks CB. Paul
Great piece…. I saw it on TV last week, now I can share it with others… thanks much CB. Paul