|
|
|
|
Title: How to Ruin the Economy in Seven Easy Steps - Johan Norberg
Added: Sep 17, 2009
Author: ForaTv
Duration: 2:45
Description:
Complete video at: http://fora.tv/2009/09/01/Financial_Fiasco_The_US_Infatuation_with_Home_OwnershipAuthor and historian Johan Norberg gives an abbreviated version of the events that caused the housing bubble and primed the financial crisis.-----How was it possible that in a world where thousands of people regulated financial markets the whole system crashed down? And should we now give more power to central banks, government agencies, politicians, and regulators? Isn't that what brought us here in the first place?Financial Fiasco digs deep into the foundation of the economic meltdown, revealing how it was the product of conscious actions by decisionmakers in companies, government agencies, and political institutions, and by consumers. Financial Fiasco tells the compelling story of how rate-cutting by the Federal Reserve inflated the real estate market and fueled increased risk-taking in the financial markets; how new government policies to promote home ownership blasted air into the credit bubble; how new financial instruments, credit-rating requirements, and accounting rules intended to prevent cheating backfired; and much more. - Cato InstituteJohan Norberg is a senior fellow at the Cato Institute and a writer who focuses on globalization, entrepreneurship, and individual liberty. Norberg is the author and editor of several books exploring liberal themes, including a history of liberal pioneers in Swedish history. His book In Defense of Global Capitalism, originally published in Swedish in 2001, has since been published in over twenty different countries.Norberg's articles and opinion pieces appear regularly in both Swedish and international newspapers, and he is a regular commentator and contributor on television and radio around the world discussing globalization and free trade. Prior to joining Cato, Norberg was head of political ideas at Timbro, a Swedish free-market think tank, from 2003 to 2005.
Related Videos:
Videos related to 'How to Ruin the Economy in Seven Easy Steps - Johan Norberg'
Channel: News
Tags: economic debt mortgage crisis recovery bust credit default home loans policy ratings recession history economics finance fora.tv foratv fora tv
economic debt mortgage crisis recovery bust credit default home loans policy ratings recession history economics finance fora.tv foratv fora tv
Youtube Comments: 29
Hendo1974 Says:
Sep 17, 2009 - Republican=Democrats=Banksters=New World Order=All the same Bullshit!
magichandpuppet Says:
Sep 17, 2009 - yes, or democrat... both parties designed for mindless droids
marsCubed Says:
Sep 17, 2009 - jonnniefivemiles, States around the world which had regulation in place did not suffer a banking collapse. Sweden for instance had recently socialized her National bank, then floated it on the stock exchange with tough regulation, it suffered no problems.Although these economies have now been pulled into the recession, it was right wing policy
Bobbiethejean Says:
Sep 17, 2009 - The economy tends to fair a bit better under democrats but that whole deregulation thing Clinton did at the end was a fairly dick-move. I wonder why more people don't call him out for it.
magichandpuppet Says:
Sep 17, 2009 - hogwash... but yes, under Clinton the Glass-Steagal Act was repealed, yet most droids blame deregulation on Republicans. Democrats also pushed for the simultaneous government backing and deregulation of Fannie Mae and Freddie Mac - two of the favorite piggy banks of the Democrats. We could also discuss the inflation under Jimmy Carter, but I think it's more fun to talk about the blood on his hands since he (knowingly) supplied the weapons used in the genocide of East Timor. Both parties suck
ZamatoElite Says:
Sep 17, 2009 - It's hilarious how brilliantly this proves the Austrian business cycle theory. But hell, don't listen to those kooky Libertarians.
thunderpants10 Says:
Sep 17, 2009 - I have seen several vids that have done a wonderful job of illustrating how eactly the crises unfoldedThis is not one of them
mushmouth4life Says:
Sep 17, 2009 - so it wasnt Sweden's resource based economy or independence from the Euro that saved its bacon?
thetimman00 Says:
Sep 18, 2009 - The whole crisis revolves around what the U,S, dollar is worth. To you, to me, to Chinese, to Arabs, It is only worth what we "think" it is worth. It is a crisis of thinking. So delude yourself, world, and all will be fine
Dt0x75 Says:
Sep 18, 2009 - lol wow I was going to comment on this, and will but first. I live in your listed hometown... weird. As for voting Republican....I see you haven't realized Bobbie that it is a 2 headed 1 party system yet. If you want change, and I mean real change....Vote 3rd Party. Independent, Constitutional, Libertarian....Anything except the 2 headed political monster I like to call Demorepublicanism. :)
Bobbiethejean Says:
Sep 18, 2009 - I'm giving the democrats one last chance before I jump ship. If Obama doesn't bring everything he promised and a bag of chips, the democrats can kiss my ass after this election cycle. But I have hope for now and I am holding my breath.
Dt0x75 Says:
Sep 18, 2009 - Well its none of my business who you support, and you have every right to but the one thing I learned since a young age (and this is why i registered Independent) is that everything a candidate says is just for votes. I have never seen once in my life is one of them live up to what they said. I haven't seen many presidents, but you don't need to in order to catch a hint...lol
Mrmoc7 Says:
Sep 19, 2009 - You probably won't vote republican, so you'll try a third party, and if they fail you too, as they most likely will, will you move out of the states? Just curious.
Bobbiethejean Says:
Sep 19, 2009 - I'll probably get back in line and shut up like most other Americans. I might move. I might bitch louder than I usually do. It's easy to conjecture from my asschair but I don't really know what I'll do until that situation arises.
JonseyAlabama Says:
Sep 25, 2009 - I see a lot of Republican versus Democrat arguments as though either side has anything to do with our interest rates or economy LOL. All i know is there are a few Rich men who really want a global currency and if you have to go hungry then so be it a few serfs are expendable. How can a government official or beurocrat decide how much mu hour of labor is worth?
procommenter Says:
Nov 7, 2009 - In varied parts of Ohio: women who only appear to be wearing panties can set their price. America's elitists {Luciferians} have their digs below ground, as did the Morlocks in the 1960 movie, starring Rod Taylor: "The Time Machine." In disparate particles called Cleveland {whereat non-Ohioan land is at a premium during negotiations} women with untethered mammae are of indefinable value. They too may set prices soaring.
szol2005 Says:
Nov 14, 2010 - How to Ruin the Economy in 1 Easy Step - By meGive some1 control over the money supply and wait for the crisis that sparks the easy money bubble... From coin clipping romans to chopper Ben, it's all the same...
JennClimaco Says:
Feb 4, 2011 - CAN SOMONE TELL ME HOW THIS VIDEO HAS ANYTHING TO DO WITH REPUBLICANS OR DEMOCRATS LIBERALS OR ANY FUCKEN POLITICAL BULL SHIT!!!!!!!! THIS IS THE MARKET THE FREE MARKET PPL THIS IS WHAT HAPPENS WHEN PPL STOP INVESTING WHEN BANKS AND CORPORATIONS STOP RECEIVING REVENUES AND CASHFLOWS. THIS VIDEO IS TALKING ABOUT THE HOUSING BUBBLE THAT BLEW IN OUR FACES BECAUSE THE UNETHICAL WAYS CORPORATE AND BANKS WANT TO MAKE PROFITS, CASHFLOWS, AND REVENUES. take finance classes and a few economic classes PPL
MANGOS487 Says:
Aug 15, 2011 - @Whopzer you only say that because you're poor
scholion Says:
Nov 1, 2011 - I'm Swedish myself. I've run companies of my own, worked hard, paid taxes and studied Economy at university level.From 1870-1970, Sweden displayed the highest GDP growth level of all countries. During the period of 1970-1990, we admittedly failed big time. But recently, we have outperformed even many Asian "tiger" economies in this domain!We learned from our success as well as our failures. So could any nation..
nahiag Says:
Apr 10, 2012 - I'm sorry to ask but since when was the FED, "whom" control interest rates, an agency of the free market?












Bobbiethejean Says:
Sep 17, 2009 - Seven? Pfft. You can do it in one: vote republican.