"The Economist" Editors Roundtable

with John Micklethwait, Zanny Minton Beddoes and Vijay Vaitheeswaran
in Current Affairs, Business
on Wednesday, October 24, 2012 * * * * *

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"The Economist" Editors Roundtable with John Micklethwait: Editor-in-Chief; Zanny Minton Beddoes: Economics editor and Vijay Vaitheeswaran: China Business Editor

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Keywords:
money
Federal Reserve
Romney
Business
jobs
United States
Obama
America
taxes
economy

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  • Comments 12
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    1. vongleichent  11/11/2012 12:43 PM Report

      another very informative session. always worth listening to Mr. Rose.

    2. NeilMacCallister  10/28/2012 03:12 AM Report

      Tonight, Charlie Rose and 3 non-Americans have gotten together to beg Americans to "stay with a President with whom you are rightfully disappointed".

      I believe they all live in Europe.

      Now, why would these people WANT to see America stay in our current economic and social failure?

    3. quotes88  10/27/2012 08:22 AM Report

      http://qnpress.blogspot.com.au/

    4. quotes88  10/27/2012 08:22 AM Report

      Quotes & Notes

      A periodical of reading notes

      By James Farmer

      Knowledge, while it is in aphorisms, is in growth.

      Francis Bacon 1561-1626.

      If you would like to support

      No-Commercial press, please

      Email this periodical to your close

      Friends and work colleagues.

      Together, let's build a better

      Civil society.

      http://qnpress.blogspot.com.au/

      All rights @ James Farmer 2012.

    5. tabs  10/26/2012 12:55 PM Report

      Watching Santelli on CNBC this morning it occurred to one that what we are witnessing is the failure and refutation of Keynesian Economics. As Santelli asked the Floor People of the CME how many of them wanted more Stimulus the voice was unanimously "NO MORE!" This cry of "No More" is the recognition that the great Keynesian theory hasn't worked and isn't working to alleviate the economic malaise that we are now living through.

      The great Keynesian Stimulus Bill of 2009 and the on going monetary easing's of the various QE programs have produce a sugar high that once worn off returns the economy of the US and now Globe to a torpid state. With each jolt of sugar the the law of diminishing returns applies and the economy begins to circle the drain once again. So now the Federal Reserve has initiated QE INFINITY, which is a de facto admission that the operational system of the world economy is dysfunctional and needs continual propping up to keep it from collapsing. One just wonders what can be proscribed to jolt the powers that be out of their somnolent myopia? Perhaps it will be a memo from the Fed that they have run out of paper to print money.

    6. Ricardo_Amaral  10/26/2012 07:13 AM Report

      October 26, 2012 - SouthAmerica: Mitt Romney got millions and millions of US dollars from the Multi-Millions in Detroit Bailout from the US government, and the auto workers from Michigan and next door in Ohio got the shaft.

      The people from Ohio can give the shaft back to Mitt Romney on election day - it's time for payback.

      Let's see how smart the people from Ohio really are on election day - only idiots in Ohio will vote for Mitt Romney on election day.

      Romney Made Multi-Millions in Detroit Bailout – October 25, 2012

      http://www.youtube.com/watch?v=moAMCCegX84

      <iframe width="560" height="315" src="http://www.youtube.com/embed/moAMCCegX84" frameborder="0" allowfullscreen></iframe>

      .

    7. SharkswithfrikingLazers  10/25/2012 05:35 PM Report

      Yes Zanny, the wealthy in China are "hoovering up" large parts of Chinese wealth and are just like America 100 years ago.

      Except America of a 100 years ago is America now.

      God bless the concentration of wealth throughout the world. Lord knows that always works out well.

    8. SharkswithfrikingLazers  10/25/2012 05:30 PM Report

      Zanny tells us there is concern in China about what Romney is saying.

      Nonsense, just watch the Chinese in "Too Big To Fail".

      The Chinese have America and Romney by the bond market and with Russia can easily bring us to our knees by selling our debt.

    9. SharkswithfrikingLazers  10/25/2012 05:26 PM Report

      Vijay tells us China needs a new model for growth. They need to transition to consumption.

      He also tells us that China is very hungry and their engineers will sleep under their desks while American engineers go home at 5 pm.

      So the answer is quite simple. Send the Chinese engineers to the store at 5 pm to buy something.

    10. SharkswithfrikingLazers  10/25/2012 05:21 PM Report

      “What are the next four years going to be about?”

      Yes, Charlie.

      YES!

    11. anne4444  10/25/2012 04:30 PM Report

      BBC masters of money by Stephanie Flanders:

      "In 2012, Flanders presented Masters of Money, a BBC Two documentary series exploring the lives of Karl Marx, John Maynard Keynes, and Friedrich Hayek."

    12. REMant  10/25/2012 12:38 PM Report

      China, like Russia, faces the problem of de-institutionalizing without de-democratizing. I would not assume as these do that either markets or socialisms are ever perfect. That can't made much clearer than by noting that while they want more of the former in China, they want more of the latter in Europe. Revolutions are always those of rising expectations. They've rarely occurred without prior liberalization. Ironically, they occur when people come to expect more than they actually deserve, generally because banking capitalism creates as much poverty as it does wealth, and more centralization than decentralization. Behind all the central bank refinancing and govt spending lies the errant belief that "the ppl" are without sin, needing only liberation to prove their worth. It appears that such a progressive contingent has emerged or re-emerged in China, which threatens the real gains made in the last few decades. That is I think what the Bo Xilai business is really about. He and wife were oligarchs. I regret to say, if I may be allowed to mix metaphors, that the Chinese appear to be heading in the wrong direction, and it will likely catch up with them, as it seems similarly to have in the Middle East.