Comments on: Happy 10th Birthday CEPR, Dean Baker & Mark Weisbrot!

By: dick c

dick c — Fri, 25 Sep 2009 14:38:05 +0000

A day later, but I had to come back to let you know how much I enjoyed the interview. Thanks.

By: freeman

freeman — Fri, 25 Sep 2009 01:17:40 +0000

My feeling exactly .

By: Hugh

Hugh — Fri, 25 Sep 2009 01:14:19 +0000

The rally is not stimulus. It’s just a government funded casino. What we do need is stimulus in the real economy to produce jobs and keep us from depression. But you have to understand, the bursting of the $8 trillion housing bubble didn’t cause our elites to get religion and start addressing our economic and financial issues in a realistic way. The following year the financial meltdown came and our elites dumped trillions on the banks but kept the system the same. So even when depression hits with a vengeance, they may react but they almost certainly won’t react effectively. It just isn’t in them, either party.

By: freeman

freeman — Fri, 25 Sep 2009 01:08:31 +0000

Necessary ooops .

By: freeman

freeman — Fri, 25 Sep 2009 01:07:03 +0000

I really apreciated your closing remarks Mark , but still you are admitting that more debt will be nessecary to stimulate growth and jobs and I worry that the rally is being produced artificially and must eventually come back to haunt us .
I however am a layman and hope you are right .

By: egregious

egregious — Fri, 25 Sep 2009 01:01:31 +0000

Thanks to Dean, Mark, and Jane for a terrific interview!

By: Hugh

Hugh — Fri, 25 Sep 2009 00:59:23 +0000

I have predicting bigtime depression in 2011 for some time now. The bailouts have sloshed over into the stock and commodities markets creating mini-bubbles in them. This enticed in bigger, slower moving players like pension funds but a lot of the “smart” money has been exiting. So what I call the suckers market looks mature and could head south anytime. I’m thinking it will be a hard winter.

By: person1597

person1597 — Fri, 25 Sep 2009 00:58:19 +0000

I just heard “It’s not comparable to the great depression…”

Ecosystem collapse stems from sequential waves of systemic dysfunction.

One doozy of a credit crunch has produced the “Great Recession” (so far). Is it chicken-little-ism to be wary of the woes of an obsolete political economy? It almost sounds like rich people have nothing to worry about. I believe everyone needs food clothing and shelter…no?

That is to say — can the landlord continue to extract a monopolistic rent on overcapacity? Our plant and equipment investment must sustain a population that can’t sustain itself. It needs something beyond regulation — it needs the elegance of simplicity as well as the effulgence of diversity.

Innovation can produce continuously sustainable change if applied altruistically. That’s adaptivity. That’s my point of view.

By: freeman

freeman — Fri, 25 Sep 2009 00:54:14 +0000

Borrowing and printing money , sounds like you think the fundamentals are strong .
You said you were Chicago boys ?
Isn’t the debt to GDP at 375 % now ?

By: Teddy Partridge

Teddy Partridge — Fri, 25 Sep 2009 00:47:43 +0000

tuned in late, missed that one!