Steven Pearlstein
The Reformer
Changing the system from inside it, principle turned into change.
Steven Pearlstein is an author and journalist who focuses on economic issues and their societal implications. This interview reveals his commitment to challenging the status quo and driving principled change within economic systems.
“I've already written it. It's a mirage, just it was a mirage in 2007. It looks like everything's great. And statistically it looks it. If you borrow an extra trillion dollars a year, live beyond your means and pump that back into the economy so people are demanding a trillion dollars more in goods and services than they really can afford,…”
“This is very clever lawyering. Okay, we can admit that. But Kavanaugh basically said, okay, well, that's right. What that is, it was like a roadmap to all these wise guys on Wall Street. Now this is how we're going to securitize loans. We'll never take ownership of it.”
“There's an level of speculation in them, and they represent the value that are pumped up by cheap money and by the fact that the government is spending more than it's taking in creating this artificial prosperity on a steady, state, sustainable basis where prices shouldn't be this high, income shouldn't be this high, GDP shouldn't be this…”
“I didn't, partly because my mother drilled into me from almost birth that it wouldn't be a good idea. He and his father didn't get along very well, even though they're in the business and she didn't want that to happen to me. And she desperately wanted me to be a lawyer.”
The Axe Files with David Axelrod — Ep. 275 — Steven Pearlstein
LISTEN AT THE SOURCE ↗THE RECORD IS CHECKABLE