Nomi Prins: All the Presidents’ Bankers: The Hidden Alliances that Drive American Power

Good morning folks! On today’s show, journalist Nomi Prins (@nomiprins) joins us to discuss her new book All the Presidents’ Bankers: The Hidden Alliances that Drive American Power

Disgusting: Karl Rove Spreads Hillary Clinton Brain Damage Conspiracy

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48 Responses to Nomi Prins: All the Presidents’ Bankers: The Hidden Alliances that Drive American Power

  1. can someone write their congressman and tell them i keep losing the stream? thnx!

  2. nothing wrong with an institution of some kind throwing it’s weight around a little, as long as it’s not too big that it can’t be taken down if it gets outta line.

  3. i don’t wanna sit around a club with too many drunk white men anyway.

  4. Milton Friedman Explains The Negative Income Tax – 1968
    https://www.youtube.com/watch?v=p3ZcF1YjZNs

  5. Pingback: 5/15 Nomi Prins: All the Presidents’ Bankers: The Hidden Alliances that Drive American Power | The Majority Report with Sam Seder

  6. Hey Michael: How come your “voices” and “characters” misuse and overuse the word “literally” just like you do? Since you seem opposed to using a dictionary or thesaurus, yourself, perhaps your “characters” wouldn’t mind using one or both? Using the dictionary alone would go a long way to keeping The Majority Report the beacon of great thought and passable English it’s been since…. when did you start there?

  7. Eric D. says:

    1) Here’s a question: How has the teaching of economics — not just the introductory material but the advanced material — changed in the aftermath of the 2008 crash? It hasn’t, which in the UK is causing an uproar among economic students. See http://www.theguardian.com/business/2014/may/11/after-crash-need-revolution-in-economics-teaching-chang-aldred

    2) Which economists foresaw the 2008 crash? In 2009 James Galbraith wrote a damning article titled “Who are these economists anyway?” in reaction to a New York Times Magazine mea culpa article by Paul Krugman titled “How Did Economists Get It So Wrong?” Krugman admitted that the two dominant schools of economics in the U.S., the “freshwater” (supposedly neo-classical) and “seawater” (supposedly New Keynsian), both failed.
    Galbraith’s article zeroes in on what is bizarre about Krugman’s mea culpa: He does NOT actually say how to fix things.
    Galbraith also highlights those economic subfields that contend there are large systemic problems. But the people making these arguments were not and are not, with few exceptions, academics at the power universities. Instead these people wrote blogs, or they work on the academic periphery.

    3) As for behavorial economics, my reaction is: There was this guy named Freud. And while I don’t agree with Freud’s take on the unconscious, I thought it was nonetheless long ago settled that human beings aren’t rational…
    Suppose you like behavorial economics and believe it is important: Ok, but how *exactly* are you going to use it to fix broken economic modeling, and go from there to policy. I don’t see it.

    4) Finally my favorite economist is Ha-Joon Chang at Cambridge University, author of a great book called “Bad Samaritans, The Myth of Free Trade and the Secret History of Capitalism” (and some more recent books too). A key point he makes is that economics and politics cannot be separated. See http://www.huffingtonpost.com/2014/04/09/ha-joon-chang-economics_n_5120030.html

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