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Guns and Butter - June 26, 2013 at 1:00pm

Guns and Butter, for June 26, 2013 - 1:00pm

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Guns and Butter

"The Bay Bridge Retrofit and the Federal Reserve" with Scott Paul and Tim Canova.  How not to finance public infrastructure: public-private partnerships; self-liquidating loans to fund infrastructure; analysis of the Federal Reserve System; QE1, QE2, QE3; Operation Twist; outcome of a private central bank; the Fed as a captured agency; nationalizing the Fed; Reconstruction Finance Corporation; alternative paradigm.

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The first speaker referenced

The first speaker referenced Glass-Steagall as a source of fiscal problems, but it was the REPEAL of the Glass-Steagal Act which allowed the financial sector miscreants to fleece the American Taxpayer. Bring back sensible regulation that would have prevented '08, '09 melt down. Put Glass-Steagall regulations back in place.

I think you misunderstood.

I think you misunderstood. The speaker was referring to the passing of the repeal of Glass-Steagall a few years ago; and to the resulting effects on manufacturing in the years since then.

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