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Dean Baker, Center for Economic and Policy Research
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Watch more at www.theyoungturks.com
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And sadly, videos like this one only get 500 views and 3 comments…
Dean Baker is, with Ha-Joon Chang, Doug Henwood, Stiglitz and Krugman, certainly one of the most essential and interresting no-nonsense economist out there. His blog is very good and one of his book, the Conservative Nanny State, can be red for free online.
The trouble with the financial industry, is that it has inflated itself vastly.
And this has taken massive amounts of money out of the economy, while making the economy look good, because the price of stocks and bonds and investments is going up. So even though real wages are going down, employment goes down, all that stuff, the ecomy LOOKS LIKE it is powering along.
I love the fluff pieces of the standard TYT channel, but here is where the meat of the matter is.
Oh, I so LOVE that Cenk asked that question about chopping these banks up.
What a great interview, please keep this guy close at hand.