Krugman: "We Owe An Apology To The Dotcom Bubble" - At Least The Internet Was New...

[BlooInBloo]

Run time: 04:48 https://www.youtube.com/watch?v=_znvpApOcb4   Posted on YouTube: November 27, 2008 By YouTube Member: Views on YouTube: 0   Posted on DU: November 29, 2008 By DU Member: BlooInBloo Views on DU: 11363

 
A nice pwn on those who maintain "I don' think anybody could have predicted..."

Maybe even worth of expanding into a new chapter in Kindleberger's book.


EDIT: Full audio available at: http://www.zocalola.org/Audio/2008/2008_10_24_zocalo.mp3

[bobd0]

1. Call me crazy but I never believed that dot com bubble bullshit

I believe the 2001 recession was tied directly to Bush's reckless tax cuts for the rich, "re-distribution" of wealth, and the almost monthly interest rate cuts needed to support Bush's brand of voodoo economics.

[DS1]

4. It was a one-two punch

there was definitely a tech crunch, everything suddenly dried up

[Idealism]

2. Here is a link to his entire speech:

http://zocalola.org/podcasts/zocalo_podcasts/Entries/2008/10/24_The_Financial_Meltdown_and_the_Future_of_American_Politics.html

Worth listening to :)

[BelgianMadCow]

3. Thanks! His oratory skills could be better, but his explanation of "marble" banks and "shadow" banks

would cause riots if it was widely understood in the US.

Gonna check out the rest as well.

:hi:
bmc

[BlooInBloo]

5. hahaah! I was amazed by how much *better* his presentation has gotten!

:rofl:

Guess it's all a matter of perspective.

[BelgianMadCow]

6. Well I finished it and it's time well spent

so it isn't THAT bad :-)

[empire we are]

7. Why isn't this man

on an advisory board of our so called "progressive" President elect?

[tbredbeck]

8. Because

He doesn't want to be. He's on the record as not being interested.

http://krugman.blogs.nytimes.com/2008/11/26/about-that-advisory-board/

[KoKo]

9. Kick....worth the watch...really!