Will this prove to be an accurate analysis of what happened?

Regular readers of Learning from Dogs will know that Yves Smith of Naked Capitalism is held in high regard by this author.  She was one of the authors mentioned in a recent Post titled Free Speech and then a little later on there was a Post from me specifically praising her.

Last Friday the US Business News Network, BNN, ran a piece which included Yves discussing her new book ECONNED.

The reason for publishing this Post is that the video clip covering Yves contribution is a very clearly articulated account of how we got ourselves into this economic mess.  For those like this author who don’t really understand many of the sophisticated economic terms used widely elsewhere, this was a refreshing ‘tutorial’.

Do watch it – Yves is brought in around 3 min 45 secs.

By Paul Handover