Truth & Transparency = A Stronger Democracy
Video Rating: 5 / 5
David Kennett, professor of economics, examines the notion of moral hazard in connection with the economic crisis. Part of the Two-Minute Lecture Series at Vassar College
Video Rating: 5 / 5
As we've explained in previous episodes, insurance is complicated. Even John gets confused (watch the video!). But there's a reason we have all these deductibles, co-pays, and co-insurance. It's because of the moral hazard, and a very important research study known as the RAND Health Insurance Experiment. Watch this episode and learn all about it.
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Here's more info on the RAND HIE: http://theincidentaleconomist.com/wordpress/the-moral-hazard/
John Green -- Executive Producer
Stan Muller -- Director, Producer
Aaron Carroll -- Writer
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Video Rating: 4 / 5
John Williams (shadowstats.com) describes the present crisis as a Monetary Inflation that can only get worse, leading to a Great Depression.
To get hold of the big picture, think that last week the U.S. House of Representatives cleared H.R. 6312, the Credit Union, Bank and Thrift Regulatory Relief Act of 2008, INCREASING LIMITS on commercial real estate loans, from 400% (of the Federal savings association's capital) to 500%.
Got ,000?, spend 0,000 (400%). No, wait, spend 0,000 (500%).
Q. Why would sane congressmen want to throw more fuel on the fire (ie: increasing the aggregate amount of loans)?
A. Because they are working for the Federal racket: Democrats and Republicans.
10-year treasuries yield only a little over 4%, yet the Federal Reserve is lending money at 2% (the interest rate that banks charge each other) to cover a 10% return; the interest rate needed for real estate loans to make it in 40 years.
There's a walloping 8% gap, who's paying for the party?...you guessed right, "is US Inflation at 8%?", it sure is!
http://www.eurointelligence.com/Article.620+M511cc9de714.0.html
The U.S. economy continues to grow, but 70% of that growth is fueled by consumer spending, Americans are leveraging their houses as Inflation eats up all wages and we enter stage two of the American mortgage collapse.
Video Rating: 5 / 5
As President Obama makes the case for strong financial reform, Bill Moyers sits down with veteran regulator William K. Black, who says Wall Street is already been breaking current rules.
Aired April 23, 2010 on PBS. http://www.pbs.org/moyers/journal/04232010/profile.html
Video Rating: 5 / 5
Richard Wolff's smart, blunt talk about the crisis of capitalism on his first Moyers & Company appearance was so compelling and provocative, we asked him to return. This time, the economics expert dives further into income inequality, analyzing the widening gap between a booming stock market and a population that increasingly lives in poverty. Wolff also takes questions sent in from around the world by our viewers.
Wolff taught economics for 35 years at the University of Massachusetts and is now visiting professor at The New School University in New York City. His books include Democracy at Work: A Cure for Capitalism and Capitalism Hits the Fan: The Global Economic Meltdown and What to Do About It.
Video Rating: 4 / 5