Paul Krugman vs Steve Forbes

[padcrasher]

Originally Posted by t206

The underlying problem is that the government does not enforce the existing rules, which is one reason I for one am so opposed to adding more rules...I mean unless having SEC workers look at porn on their computers all day was somehow a method for catching Bernie Madoff that I'm unfamiliar with?

So fund and reform the goverment to enforce existing rules/laws.

That requires giving up this ideology that badmouths goverment and worships corporate power.

The people that mock and deride OWS are ultimately responsible for all this corruption and bad goverment. ...Ironic.

[12GO]

Originally Posted by padcrasher

For most meaningful purposes it's a Government run entity. It's leaders are appointed by the goverment, it has exclusive rights to government funds, it has no other private competition, it has a monopoly on government business. ...and no I will not even click on your right wing ..".government is the enemy" link.

Actually, only the chairman is appointed by a President of the US, while the other board members may or may not be, and most are not. Remember too that the board can easily over ride the chairman of the fed, and do often.

[Motion]

Originally Posted by padcrasher

I didn't think Forbes and Krugman agreed at all to the cause.

As you know Steve Forbes is critical of Alan Greenspan with this. Here is Krugman's criticism of Greenspan. Both Forbes and Krugman agree that Greenspan is at the root of the financial collapse but their reasons seem slightly different.





TimesTalks: Paul Krugman: Is Greenspan Responsible? - YouTube