A discussion about the economy

with Richard Berner, Lawerence Mishel and David Malpass
in Current Affairs, Business
on Friday, January 18, 2008 * * * * *

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A discussion about the economy with David Malpass of Bear Stearns, Lawerence Mishel of the Economic Policy Institute & Richard Berner of Morgan Stanley.

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Keywords:
tax
money
economy
funds
credit

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    1. Russ  04/13/2008 09:39 PM Report

      It is fascinating to watch this interview after the downfall of Bear Stearns as the chief economists of the two banks clearly have different views. In particular, Mr. Berner kept emphasizing the problem of lack of liquidity due to the fall of the dollar. Furthermore, Mr. Berner of Bear Stearns had a significantly more optimistic outlook of the national economy (e.g. the prediction of a relatively low unemployment rate). I too enjoyed the perspective of Mr. Lawrence in particular, as he brought up a very interesting point: a stimulus for state governments would be more beneficial than a corporate supply-side solution. I also like the fact that Mr. Lawrence essentially pointed out that the US has a demand-side problem that has far greater relevance than any supply-side solution to help curb the recession.

    2. Al  01/21/2008 11:13 PM Report

      Charlie,

      Thank you very much for the recent focus on economic issues. Please continue with these segments. Particularly, Mr. Mishel seemed quite acute and knowledgeable. Perhaps you could do a full length conversation with him.

      Thank you for all the good work.

    3. more from dumbfounded  01/20/2008 02:20 PM Report

      Afterthought: Capitalism seems to be following the predicted script of consuming itself with it's own greed. And others: see Shock Doctrine by Naomi Klein. See K-street lobbyists whorifying our whole system. See us bypassing John Edwards, the only one close to having grasp the problem. We deserve what we're getting. Let's preempt Iran and finish US off.

    4. dumbfounded  01/20/2008 02:04 PM Report

      Frustrated by the 'overt?' avoidance/omission of dialogue of second major cause of current recession! (Iraq 1st.) Subprime mtgs strong 2nd. Egregious greed by Citigroup, et al mortgaged the entire country to Saudis and the Emirates. [Rampant irony: Allah blessed usury?\ Jail the $2 thief. Give the billion dollar thief a golden parachute. Only in America. Wonder for how much longer? Allah Akbar!! Humdillah!

    5. joe lindsay  01/19/2008 01:43 AM Report

      Dear Mr. Rose:

      Thank you especially for your program tonight with Lawrence Mishel. With a few graduate degrees in business and economics and experience in economic development and investment for a few decades on 4 continents, I become discouraged to see that optimal remedies for the current economic problems rarely make it to mainstream media presentation. Instead we have the broadcast of various solutions with popular appeal to various political constituencies. In my view you have done well tonight in your vocation to broadcast what commercial media does not.

      Well done, and again, thank you.

      Joe Lindsay