Steve Hanke former Reagan economic advisor, believes

[ej510]

the economic collapse began in 2002 when Ben Bernanke gave a speech about deflation. He was worried about lower prices and jobless rates causing growth to decline. He said Ben Bernanke scared everyone and caused the dollar to lose 45% of it's value towards the euro. He then blamed Hank Paulson for scaring everyone after Lehman Bros. went under. He said he went on a terror spree. He said the Obama administration is continuing the same policies, but is worse, because he trying to transfer wealth from the people who earned it to the lower income earners. He called himself a free market liberal. He went on to say Clinton, Bush, and Obama had or have too many regulations in place now. He blamed Geithner for the Bernie Madoff situation I agree, but this guy is a tool. He has been teaching his free market methods to governments in eastern europe and the middle east. He teaches at John Hopkins University. He was on The Hays Advantage show on Bloomberg radio.

[ej510]

1. He is in denial this shit began under Reagan and blew up under Dubya.

[AndyA]

2. I agree, this thing has its roots way further back than 2002.

Reagan laid the deregulation groundwork that enabled everything else.

By the way, I think there are a couple of airports that need to have their names changed, considering everything that's happened. (Reagan/Bush)

[ej510]

4. Reagan destroyed the middle class with Clinton and Bush's help.

[YOY]

3. Totally.

If he admitted to it his entire career looks like shit. I've know a few of these experts.

[ej510]

10. I agree.

[alsame]

5. Yep, 'trickle down' economics was the beginning of this mess. nt

[ej510]

6. We need real regulatory reform without loopholes with people who won't

look the other way while the thieves rob hen house.

[RaleighNCDUer]

7. He has been teaching his free market methods to governments in eastern europe and the middle east.

I wonder if there is a connection between this story and the one below:

http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=389x6909135

He pushes his failed policies in Eastern Europe and, amazingly, Eastern Europeans become disillusioned with capitalism.

[ej510]

8. This guy is dangerous! People like Steve Hanke always find their way back

into power. He pushed free market policies in South America to.

[ej510]

9. Remember this fuckers name, because it is likely he

ends Treasury Secretary for a repuke President in the future.