Karl Denninger on the Economic Crisis - Democratic Underground

AllentownJake

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Thu Oct-01-09 08:18 PM
Original message

Karl Denninger on the Economic Crisis

Run time: 07:57
https://www.youtube.com/watch?v=yvvZlguz2fg

Posted on YouTube: October 01, 2009
By YouTube Member:
Views on YouTube: 0

Posted on DU: October 02, 2009
By DU Member: AllentownJake
Views on DU: 561

I love this guy. He is the only one out there that makes any sense on economic matters.

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Ruby the Liberal

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Thu Oct-01-09 08:22 PM
Response to Original message

1. You know Denninger is a Libertarian, right?

A stopped clock is right twice a day, but Libertarian "zero regulation" policy is a recipe for disaster.

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AllentownJake

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Thu Oct-01-09 08:25 PM
Response to Reply #1

2. His analysis on the market is correct

Edited on Thu Oct-01-09 08:26 PM by AllentownJake

Despite his political ideology.

In this video he talks about the repeal of Glass Steagal as a cause of this crisis. That tells me he isn't exactly a fundamentalist libertarian.

He is also big on punishing financial firms for cooking their books. Not exactly a full libertarian.

He also voted for Barack Obama.

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Ruby the Liberal

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Thu Oct-01-09 08:27 PM
Response to Reply #2

3. Hence my stopped clock comment.

Have you seen his 19 (or is it 20 now?) chapter vblog on economics? I don't agree with all of it, but he does hit a few high notes.

If this is a topic of interest to you, I recommend you watch it (market-ticker site). It is worth the time and very thought provoking.

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AllentownJake

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Thu Oct-01-09 08:31 PM
Response to Reply #3

4. I read his blog everyday

Like I said, I see some libertarian leanings, however he believes in regulation and enforcement in finance, which in of itself is a conflict of true libertarianism.

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Ruby the Liberal

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Thu Oct-01-09 08:33 PM
Response to Reply #4

5. Thanks for the vid, BTW.

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