Ebeling Interviewed by Fox Business News Television
Tuesday, 09 June 2009 00:00
Richard Ebeling appeared for the second time on a Fox Business News show. In his interview on "Cavuto" that aired on Friday, June 5th, senior fellow Ebeling discussed the stimulus package and government spending.
Comments (9)
Richard Ebeling
9
Thursday, 11 June 2009 15:53
Peter Bach
We need more Neil Cavutos, Richard Ebelings, and Peter Schiffs (aside from all the great people at the LvM Institute). Who is going to step up to the plate??
Thumbs up!
8
Wednesday, 10 June 2009 19:56
Ivan Pongracic
Richard, great job! We want more!!!
Enjoyed it
7
Wednesday, 10 June 2009 13:37
Dan Klein
Nice work Richard.
Giant experiment?
6
Wednesday, 10 June 2009 08:00
Simon D Brown
Naresh, maybe I misunderstood you but you seem to think that the country is a sort of giant experiment set for Helicopter Ben, kinda like Keynes said about the USSR. No there are real people in the country, they are not guinea pigs.
N. Joseph Potts, I couldn't get it working at home I needed to download Windows Media Player 11. It works fine at work though on Vista.
The solution is spending
5
Wednesday, 10 June 2009 07:27
freechad
Everyone knows that if you give a teenager a credit card and they spend too much that you need to get them another credit card.
It's just like digging a hole for yourself. Ego and the appearance of intelligence is so critical that one must keep digging.
To Naresh
4
Wednesday, 10 June 2009 01:13
ESURIC
Actually, the worst that could happen is a total systemic collapse leading to hyper-inflation. This would be especially bad since the world is on the dollar standard. But you're right, people have been printing money since money existed; and every time it has lead to disaster, starting from the Romans and on.
My guess is that Indians will start buying those Chinese products we will no longer be able to afford.
This is the antithesis of anarcho-capitalism btw.
It's a buffet but not how we know it.
3
Tuesday, 09 June 2009 20:42
Naresh
Ebeling sounds like he's describing a anarcho-capitalist project by Obama, from the top-down but then this would be something truly new, different, giving him and others very little to comment and criticise - till it's at least halfway through.
Sure, the reserve are risking massive inflation by just printing money but they have been doing that since money was invented. What makes a true-recovery, as opposed to a pseudo-recovery, is the 'state of man'; at work,in his home and in society - a new era of austerity in America must be insulated with goodwill to the employment market. This is an experiment in man's search for social economics. The worst thing that could come out of this is that - nothing changes and that is no change at all.
India may be saving and many living simply to afford it's spending but what will Indians buy? I would guess the first thing on the list would be a foreign education to buy a western style of life and help their families back home by a tata or a maruti (small Indian cars)and all the goodies in 'Bollywood advertising'. It's 'economic draughts' and the table turns like a chinese banquet. It's a buffet but not how we know it.
India's spending
2
Tuesday, 09 June 2009 16:30
ESURIC
The Indian's save 20% of Gross National Income. If they want to waste their money on "stimulus," they can. America, on the other hand, has about a 3-4% savings rate. Meaning we must print or sell bonds. But selling bonds causes interest rates to rise, further retarding our economic recovery. It's quite a paradox if you think about it.
N. Joseph Potts, I couldn't get it working at home I needed to download Windows Media Player 11. It works fine at work though on Vista.
It's just like digging a hole for yourself. Ego and the appearance of intelligence is so critical that one must keep digging.
My guess is that Indians will start buying those Chinese products we will no longer be able to afford.
This is the antithesis of anarcho-capitalism btw.
Sure, the reserve are risking massive inflation by just printing money but they have been doing that since money was invented. What makes a true-recovery, as opposed to a pseudo-recovery, is the 'state of man'; at work,in his home and in society - a new era of austerity in America must be insulated with goodwill to the employment market. This is an experiment in man's search for social economics. The worst thing that could come out of this is that - nothing changes and that is no change at all.
India may be saving and many living simply to afford it's spending but what will Indians buy? I would guess the first thing on the list would be a foreign education to buy a western style of life and help their families back home by a tata or a maruti (small Indian cars)and all the goodies in 'Bollywood advertising'. It's 'economic draughts' and the table turns like a chinese banquet. It's a buffet but not how we know it.