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October 24, 2008

Volcker: Rebuild Banks. Mundell: Cut Taxes. Stiglitz: Ick.

There was an interesting panel today in New York featuring Paul Volcker, Joe Stiglitz, and Robert Mundell. It's lengthy, but worth watching. Kudos to Barry for the find.

click for video

Teresa Tritch, a member of the board of editors of the New York Times, moderates. Heidi Hartman, president of the Institute for Women's policy research, and Marina Whitman, a professor at the University of Michigan, also speak.

00:00:00 Tritch introduces roundtable participants.
00:01:28 Mundell: current crisis vs. Great Depression
00:05:33 Mundell: need to reduce corporate taxes
00:08:05 Volcker: financial crisis "without precedent"
00:14:48 Volcker: rebuild U.S. banks from "ground up"
00:19:56 Stiglitz: "long, deep downturn" in economy
00:21:34 Stiglitz: government response, bank rescue
00:33:30 Questions: Volcker, Mundell on world currency
00:44:29 Participants on fiscal stimulus, U.S. deficit
00:57:55 Stiglitz on government regulation, innovation
01:00:46 Volcker, Mundell, Stiglitz on global currency
01:07:18 Participants make summary remarks.
Running time 01:19:59

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