This makes the second link I’ve made to PBS Newshour in the past week. The link will take you to a series of five video segments with economists Lord Skidelsky and Russ Roberts hosted by the Lehrer. They discuss Keynes, markets, the financial crisis and a host of other topics and, as my previous link to an interview with George Shultz, is hosted by Paul Solman.
In one of the videos, Solman describes himself as a “dispassionate reporter.” From what I’ve seen of his work so far, I agree. Journalism needs more like him. After watching over an hour of his interviews now, I can’t tell if his personal beliefs lean one way or the other. What’s more, he seems to understand the subject and is interested in getting the real story out, rather than a stylized version of the story meant to fit a predetermined narrative. Nor does he practice “gotcha” journalism.
One quote from Russ Roberts that I will take with me is, “Capitalism is a profit and loss system. The profits encourage risk taking. The losses encourage prudence.”
I highly recommend watching the video series if you are the least bit interested in economics or gaining a better understanding of the the true causes of the financial crisis.