Thomas Piketty, Paul Krugman and Joseph Stiglitz: The Genius of Economics
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Piketty, arguably the world’s leading expert on income and wealth inequality, does more than document the growing concentration of income in the hands of a small economic elite. He also makes a powerful case that we’re on the way back to ‘patrimonial capitalism,’ in which the commanding heights of the economy are dominated not just by wealth, but also by inherited wealth, in which birth matters more than effort and talent,” wrote Paul Krugman in The New York Times. Krugman and his fellow Nobel laureate Joseph Stiglitz (author of The Great Divide) join Piketty to discuss the genius of economics. Subscribe for more videos like this: http://bit.ly/1GpwawV Facebook: http://facebook.com/92ndStreetY Twitter: https://twitter.com/92Y Tumblr: http://92y.tumblr.com/ Instagram: http://Instagram.com/92ndStreetY On Demand: http://www.92yondemand.org
Comments
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suppose a CEO makes $10m a year; how many years would it take him to make $1b? CEO packages are disproportionate, but it's not the CEO who takes the most grossly unreasonable share of the value produced by the workforce, it's the Chairman and major shareholders, the people that control what the CEO does. the same people that control the government that makes the tax law loopholes.
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The clean shaved gentleman is more of a genius than the other two white bearded gentleman. In fact, both bearded gentleman's looks are more of an unwarranted Muslim than an Economist.However, in my opinion, by the next twenty years it would be quiet hard for us to find out Economist with white beards in our society.
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USA is a black hole everybody looses money there genetically is something different with population there.
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Also USA is in reality 3rd world place has nothing to offer the poorest country in western world no jobs dirty streets low pay no vacations hipocrasy poverty uncertainty bad manners stupidity long working hours IF lucky to have job like a waiter most likely,discrimination expensive surviving called "life" minimum wages mostly no benefits lazyness nothingness slowness but Americans are proud with all that so they deserve it .Whites here have different forebirths than we do in Old Europe so fuck the USA back to the roots in Eastern Europe!
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USA has a pretty racial society fully racists that fakely smile in your face and stub you in back they call that nothing personal just business and you aren't good enough to qualify their standards. Been white Christian eastern european ppl here respond same to WASP's shop work eat follow their own way don't allow close americans and they will never allow their kids to americanize. What had called that had responded!
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Three socialists...why not someone from the other side like Thomas Sowell?
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Paul Krugman - the genius who believes taht the threat of an alien invasion would fix the economy by creating a massive build up to counter the invasion.
Not only that but he later lies about what he said to include all sorts of other things like health care clinics and high speed rail and bridges as part of what he originally did not say. Just look at the youtube videos of Krugman Alien invasion where he states one thing and later twists it to include other things he never said.
Real Genius in that stuff - creating a false belief and causing a whole lot of resources to be re allocated to meet that military focussed peceived need it and then finding it is a not real so the resources are largely wasted.
Only an idiot or someone who had no idea how to manage an economy would think that is how to efficiently allocate resources - just wasting them on something that was not going to happen.
For an economist to believe such rubbish is just something that belies belief. -
Is it just me or does Joseph Stiglitz say "United Steaks"?
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This group should run our country. No charisma, no cult of personality, just math....
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I don't know about Piketty, but I know Krugman is full of shit. Maybe re-title this one? Anyone actually READ any of Krugman's nonsense? At all? Ever?
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I'm curious to see this panel post election.
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15:49... Did Krugman predict Trump 2016?!
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Well, its targeted inflation (asset bubbles), what the FED is doing: propup Wallstreet megacorps with cheap credit (ZIRP), inducing stocks buy-back and more dividend on shares. A false flag of prosperity!
Also declaring financial derivatives as premium collateral, is a far cry from truly competitive markets.
End the FED (interest discount windows) for private banks. Allow private banks only to invest private savings (= 100 % capital requirements no fractional reserve banking) for profit.
The sovereign state's congress/parlement should decide on money expansion(vertical flow) to create a Full employment economy (Now 20-25% umemployment in the US shadowstats.com). -
"Rich dumb kids from wealthy parents will graduate from college." AKA, george w. bush.
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America is in no manner vastly more accepting of race. As this is written, a white guy with a felony conviction. Will still get a job before a man of color with a 4-year. That is a striking example of the truth of America as regards race.
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You all sound like a bunch of out of touch douche bags Stiglitz sounds like a white slave owner and that moderator lady her neck sticken out her ass makes her problem obvious sheesh wow this talk was really helpful to ummm maybe some ignorant puke bag citizen who doea not do shit for their liberty or really work on fixing this horrible civic skills and self work ethics straight dumbass
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Just freakin plain ol ignorant pride in something the majority think they have but in fact give it away daily without even a whimper. I challenge anyone to name one successful government program that has actually worked in the last 100 years. I think these baffoons bringing race into the mix males them sound freaking ignorant and YES . Wher the fuck has this genius been? USA there is not any that can be directly to ineqaulity but here is you fuckin twits
25% population has some sort mental health problem
50% High School drop out rate
Full on 80% of people have little trust for anything in society
60% population has some sort of Stress related health care
It just goes on and on maybe no one does anything because the geniuses much like our government or public schools or sadly parents do not impress upon their children the true responsibility and hard work it takes to keep the reigns on their Government and on their own knowledge of frankly on anything important and really research dig in and globally educate about what kind of things work and what your values are. Good luck geniuses hope your ready because for the first time when I see the real financial catastrophe coming down the the pike soon I feel utter doom as I prepare by buying gold and silver packing my things to get out of the city. The law that the military can declare war on american soil the new law that it only takes the sec of defense or the president can declare that war without any over sight
you can be detained as a terrorist indefinitely
you will be tried at a military tribunal with no lawyer no jury or judge
Good luck folks when groceries dissapear no gas martial law and its all thanks to ignorantly believing in a lie force fed to you from a lying government so God be with you save your soul and gipe hope you are prepared -
HELLO THE US PROBLEM IS THE COMPLETELY IGNORANT US POPULATION THAT APPARENTLY ENJOYS HAVE THEIR ECONOMIC SHIT PUSHED IN CONSTANTLY. THE IGNORANCE OF HOW THE SYSTEM WORKS AND SOMEHOW BELIVE THERE IS SUCH A THING AS "LESSER" EVIL. THEY BELIEVE THAT DEBT IS GOOD. THEY BORROW BORROW BORROW JUST LIKE THE US GOVERNMENT THEY SAVE ALMOST NOTHING. THE BIGGEST PROBLEM IS THE LACK OF KNOWLEDGE OR EFFORT TO GAIN KNOWLEDGE REAL NON COMMERCIAL AND MANY SOURCES OF INFORMATION NOT TO MENTION HISTORICAL AND ECONOMIC INFO. THE AMERICAN 99% IS NOT CONCERNED WITH WHAT IS GOING ON BESIDES WHAT IS RIGHT IN FRONT OF THEIR NOSE. SO WHY ALL THIS INEQUITY? WHO IS TO BLAME? THEMSELVES FOR NOT TAKING FREEDOM AS A RESPONSIBILITY FREEDOM IS MORE THAN A WORD IT IS THE POWER TO TAKE BACK YOUR GOVERNMENT WHEN THEY ARE IGNORANT AND LAZY WELL YOU GET WHAT YOU GET WHY WOULD ANYONE DO ANYTHING TO HELP INCOME EQUITY? GOOD LUCK YOU WILL GET WHAT YOU DESERVE YOU WILL GET WHAT YOU PUT INTO IT AND THAT IS ABOUT ZERO SO GOOD LUCK DUMB ASSES
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Hey Krug
My bitcoins have gone from $10.00~ to $571.81 right now, over 3-4 years. Can you recommend some more "collapses" for me to get into?
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