PBS Newshour Segment Critical of Excess Credit and DebtSubmitted by Clif25 on Thu, 08/18/2011 - 02:36
I was watching this news segment on PBS Newshour. These economists and scholars give good backing to what Ron Paul argues about, the negative effects of excess credit since the 1970s. http://www.pbs.org/newshour/bb/business/july-dec11/makingsen...
A lot of the arguments made refer to excess credit leading to a worse economy and in this report on economic inequality. It is something Ron Paul brings up once in a while. It also shows a theory that bank failures lead to greater economic inequality. As Ron Paul says, why are normal working people bailing out these rich bankers?
It's nice to have some thought provoking television programs still.