Tag: economics

Why does a car have brakes? ~ Bill Moyers interviews former Citigroup CEO John Reed

Why does a car have brakes? ~ Bill Moyers interviews former Citigroup CEO John Reed

Bill Moyers interviewed former Citigroup chairman John Reed about the financial crisis. When asked about government regulation, he replied with this about cars and brakes (paraphrased):

Reed: Why does a car have brakes?

Moyers: To stop.

Reed: NO! A car has brakes so you can go FAST.

Imagine if you had a car without brakes–and you knew it.

How fast would you go?

Read More Read More

Elizabeth Warren interviewed by Jon Stewart (The Daily Show)

Elizabeth Warren interviewed by Jon Stewart (The Daily Show)

Caught this interview with Elizabeth Warren on The Daily show. Particularly liked the part about value:

Whenever we give tax breaks or spend tax money, we’re investing. Those investments reflect our values, or rather, they reflect the values of our legislators:

  • Tax breaks for the wealthy.
  • Tax increases on middle class.
  • Less support of college education.
  • Less investment in infrastructure

…The list goes on & on.

Part 2 is particularly good…

Read More Read More