Absolute Must Listen: Our Confusing Economy, Explained

very good

You are absolutley right. There is inherently nothing wrong with speculating or "betting" on interest rates. This is the essence of capitalism and free markets. DO NOT give any credibility to this interview. The guy is all wet.

This is the best we can find to casually explain this crisis?!?!?!?

This logic is the exact same logic that gave us 4 terms of FDR denouncing Hoover and expanding his fascism in the good favor of hitler and mussolini.

Speculation = betting
Speculation = bad

Whatever - that's what entrepreneurs are paid to do. Without some degree of speculation/betting, there would be no capital investment, and there would have been no industrial revolution...or even the wheel!

Oh, and don't bets have winners and losers? Shouldn't this pass responsibility for betting onto those who bet?

"BUT THEY ARE BETTING WITH OTHER PEOPLE'S FUTURES!!!!!"

That's how fascism works; you're all on the hook for the bad decisions of the "experts," whether they be private or public, although they are most definitely put their by privilege. Actually its better to alternate blunders, so that the private/public FED can sort out the mess for the American people, and explain to them why we need more state power...and somehow a larger disparity of wealth.

REGULATION IS NOT AN ACCEPTABLE SOLUTION. It hinders markets and can be used as a new form of privilege, creating negative impacts upon the economy. Rather, let bad business fail and be replaced by good business. Reduce moral hazard by removing privileges like subsidies and tax-payer bail-outs. Allowing these simple principles to operate is all the regulation businesses need: put their ass on the line for the risk they assume.

But essentially what NPR is saying is that BIG BUSINESS FORCED POOR IDIOTS TO ASSUME THEIR RISKY MORTGAGES.

What NPR is saying is that THE AMERICAN PEOPLE ARE MORONS AND NEED TO BE REGULATED LESS THEY FALL INTO PYRAMID SCHEMES AND SIMPLY BAD DEALS.

It's amazing that we have a clear case of a business cycle (created by the state through its actions with the FED), where both lenders and creditors are seeing huge losses, and NPR is blaming one side - those greedy big businessmen.

so NPR is saying let's regulate contracts in general, as the American people are too dumb to read fine print. HAS NPR SEEN A PIECE OF LEGISLATION PASSED BY CONGRESS? Maybe we should regulate Congress? Oh wait, we already did - it was called the Constitution - which doesn't seem to fit into NPR's "progressive" agenda.

Talk about a simple contract that has become defaulted!!!!

CPAforRP

stop replying. If you are not talking specifically about the original subject of this string then go somewhere else.

so what is one to do? this is a great interview- do listen.
the only thing is, now i feel like it's hopeless. since we the taxpayers bailed bear sterns out, shoudnt WE own it now? lol let me regulate!!
i have never made more than 20,0000 per year- my choice as i have 3 children whom i support. i have no credit debt, no car loan, no other outstanding debt except my mortgaage which is paid on time in full every single f@$&%$*ing month. my kids are clothed, fed and housed and unfortunly public schooled which is when i work. i'm sorry, but I am PISSED!!!!!!!! i'm gonna go play football in the backyard now...

Not a really reliable, unbiased source of news-They love the UN and all the socialistic stuff that George Orwell wrote about.

I used to listen to NPR, but found them to HATE Ron Paul-I called up a few times extolling Dr. Paul's virtues and they hung up on me. Followed by a rant by the commentators about why Ron Paul will not be president.

I guess all you need to do is say something and at least 50% or more of the drones will believe it. I keep forgetting that the meek truly shall inherit the earth.

del.