WFHB Bloomington Community Radio
Podcast: Play in new window | Download (Duration: 58:11 — 33.3MB)
Host Dave Stewart welcomes George Von Furstenberg, Professor Emeritus of Economics at Indiana University. In the first segment, Professor Von Furstenberg provides two examples of the recent Michael Moore movie “Capitalism: A Love Story” which appeal more to our emotions than our reason. In the second segment, Professor Von Furstenberg provides a third example from the movie and we move into a discussion of economics and the state of the economy, based on facts and not ideological limitations. Professor Von Furstenberg makes the case that in a healthy society, there is a tripartite balance between the Financial Sector, the Political Sector, and the Judicial Process. In the third segment, we continue that discussion and move into some economic definitions such as what is the difference between a commercial bank and an investment bank.
