Thursday, March 3, 2011

Juggernaut Trailer


www.juggernautcometh.com By now, everyone recognizes the severity of the 2007-08 financial crisis. But, to many Americans, the bailouts, stimulus packages, and regulatory schemes aimed at solving the problem seemed to merely pull the economy further into the mire of bureaucracy, party politics, and unsustainable debt that led to the crisis in the first place. Only the bankers and officials who caused the problem were in a position to solve it, and so fixing the system necessarily meant becoming part of itâ€"and thus making it even harder to fix. This is the crux of the Juggernaut. Drawing from all corners of political, social, and economic study, including specialism and the division of labor, competition and Game Theory, and Statism and Public Choice Theory, Morse weaves together a groundbreaking economic theory, which promises to shake up the current political discourse and usher in a new era of cooperation and prosperity. www.juggernautcometh.com Transcript: Rahm Emanuel, President Obama's Chief of Staff at the time: You never want a serious crisis to go to waste. Text: The worst economic crisis since the 1930s. Pres. George W. Bush: We've seen triple-digit swings in the stock market; major financial institutions have teetered on the edge of collapse; and some have failed. David Harvey: And the answer was, 'Get out your credit cards. We'll give everybody credit cards.' And American households, British households, all roughly doubled or tripled their debt over the last ...

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