the latest Flash player

Santelli Exchange: Hidden cost of bailouts

10:40 AM ET Tue, 5 Aug 2014

CNBC's Rick Santelli speaks to Vernon Smith, professor of economics at Chapman University & Nobel Laureate winner, about the hidden cost of bailouts.

Watch CNBC Live TV

You May Like
‹
›
Latest Video
‹
- 03:47
  
  03:47 | 9:00 AM ET Sat, 18 Aug 2018
  
  The next wave of models is made of ones and zeros — and we are not talking about their size
- 02:09
  
  02:09 | 8:59 AM ET Sat, 18 Aug 2018
  
  This startup wants to become the Dollar Shave Club of adult diapers
- 01:16
  
  01:16 | 12:00 AM ET Sat, 18 Aug 2018
  
  News Update - The Look Ahead
- 01:23
  
  01:23 | 12:17 PM ET Fri, 17 Aug 2018
  
  News Update - The Look Ahead
- 01:08
  
  01:08 | 7:00 PM ET Fri, 17 Aug 2018
  
  Cramer Remix: What to buy ahead of next week’s earnings
- 00:55
  
  00:55 | 6:45 PM ET Fri, 17 Aug 2018
  
  Cramer's lightning round: Keep calm and invest on
- 10:16
  
  10:16 | 6:30 PM ET Fri, 17 Aug 2018
  
  Cramer's game plan: Wave goodbye to lazy August days ahead of packed earnings week
- 00:48
  
  00:48 | 6:27 PM ET Fri, 17 Aug 2018
  
  Wave goodbye to lazy August days ahead of packed earnings week
- 01:24
  
  01:24 | 6:12 PM ET Fri, 17 Aug 2018
  
  The Final Call: XLE & BABA
- 02:14
  
  02:14 | 6:10 PM ET Fri, 17 Aug 2018
  
  A chip wreck
- 01:21
  
  01:21 | 1:00 PM ET Fri, 17 Aug 2018
  
  Safe F.A.N.G. trades: 5 picks
- 02:24
  
  02:24 | 6:07 PM ET Fri, 17 Aug 2018
  
  A winning Walmart trade
- 06:37
  
  06:37 | 6:01 PM ET Fri, 17 Aug 2018
  
  It's been a wild year for the market, but just how volatile?
- 02:56
  
  02:56 | 4:57 PM ET Fri, 17 Aug 2018
  
  DoorDash nearly triples value in five months
- 04:21
  
  04:21 | 4:50 PM ET Fri, 17 Aug 2018
  
  Netflix's big content deals: Are they worth it?
- 05:01
  
  05:01 | 5:52 PM ET Fri, 17 Aug 2018
  
  Crude crush is about to take energy stocks even lower, says technician
- 01:20
  
  01:20 | 5:48 PM ET Fri, 17 Aug 2018
  
  CNBC Tech Check Evening Edition: August 17, 2018
- 01:03
  
  01:03 | 5:46 PM ET Fri, 17 Aug 2018
  
  CNBC Markets Now: August 17, 2018
- 01:14
  
  01:14 | 4:45 PM ET Fri, 17 Aug 2018
  
  House Financial Services Cmte. Chair on Trump earnings tweet
- 04:28
  
  04:28 | 5:46 PM ET Fri, 17 Aug 2018
  
  Traders are betting on a turnaround for this beaten down Chinese tech stock
- 03:23
  
  03:23 | 5:41 PM ET Fri, 17 Aug 2018
  
  Should you trade or fade this week's biggest winners?
- 02:52
  
  02:52 | 5:37 PM ET Fri, 17 Aug 2018
  
  As FANG flops, is Apple a flight to safety in tech?
- 01:33
  
  01:33 | 5:31 PM ET Fri, 17 Aug 2018
  
  Facebook responds to HUD
- 07:59
  
  07:59 | 5:20 PM ET Fri, 17 Aug 2018
  
  Tesla's in turmoil, is the game over for Elon Musk?
- 01:19
  
  01:19 | 4:36 PM ET Fri, 17 Aug 2018
  
  Semiconductor sell-off has created buying opportunity, veteran tech investor says
- 01:34
  
  01:34 | 2:30 PM ET Fri, 17 Aug 2018
  
  The biggest risk to emerging markets isn't Turkey — it's China
- 01:03
  
  01:03 | 4:43 PM ET Fri, 17 Aug 2018
  
  News Update – Market Close
- 02:14
  
  02:14 | 4:36 PM ET Fri, 17 Aug 2018
  
  Deere shares make comeback after earnings miss
- 01:33
  
  01:33 | 4:31 PM ET Fri, 17 Aug 2018
  
  HUD files discrimination complaint against Facebook
- 06:14
  
  06:14 | 4:08 PM ET Fri, 17 Aug 2018
  
  If Elon Musk left Tesla, the stock would go up: Expert
›
Top Video
‹
- 09:57
  
  09:57 | 2:02 PM ET Fri, 17 Aug 2018
  
  Week in Review: Turkish lira crisis unsettles markets
- 10:16
  
  10:16 | 6:30 PM ET Fri, 17 Aug 2018
  
  Cramer's game plan: Wave goodbye to lazy August days ahead of packed earnings week
- 01:33
  
  01:33 | 4:31 PM ET Fri, 17 Aug 2018
  
  HUD files discrimination complaint against Facebook
- 02:17
  
  02:17 | 4:01 PM ET Fri, 17 Aug 2018
  
  Dow, S&P 500 finish positive for sixth week in seven
- 03:34
  
  03:34 | 3:03 PM ET Fri, 17 Aug 2018
  
  Many leaders feel like Elon Musk does, says expert
- 02:37
  
  02:37 | 2:33 PM ET Fri, 17 Aug 2018
  
  The constant of change: Millennials at work
- 02:21
  
  02:21 | 2:20 PM ET Fri, 17 Aug 2018
  
  Trading Nation: The better big box bet?
- 00:56
  
  00:56 | 2:22 PM ET Fri, 17 Aug 2018
  
  US and China plot roadmap to resolve trade dispute
- 03:07
  
  03:07 | 2:06 PM ET Fri, 17 Aug 2018
  
  Heading toward recession? Experts weigh in
- 01:32
  
  01:32 | 1:31 PM ET Fri, 17 Aug 2018
  
  Investors are starting to play defense
- 05:05
  
  05:05 | 1:46 PM ET Fri, 17 Aug 2018
  
  Does Tesla need an adult running the company?
- 05:38
  
  05:38 | 2:10 PM ET Fri, 17 Aug 2018
  
  Why 'Crazy Rich Asians' turned down a big Netflix payday for theater debut
- 03:16
  
  03:16 | 1:49 PM ET Fri, 17 Aug 2018
  
  Shopping, food, Tesla and a big payout in pipes
- 01:17
  
  01:17 | 1:07 PM ET Fri, 17 Aug 2018
  
  Wall Street reaction to Trump tweet: 'Not a good idea to end quarterly reporting'
- 05:19
  
  05:19 | 12:24 PM ET Fri, 17 Aug 2018
  
  Raymond James downgrades Walmart. Plus, the call on Yum! China
- 05:42
  
  05:42 | 12:14 PM ET Fri, 17 Aug 2018
  
  Chip stocks on pace for second straight down week
- 02:19
  
  02:19 | 11:32 AM ET Fri, 17 Aug 2018
  
  Six-month earnings lag could create more volatility, says pro
- 03:35
  
  03:35 | 10:31 AM ET Fri, 17 Aug 2018
  
  Tariffs are the elephant in the room, says retail expert
- 04:29
  
  04:29 | 11:00 AM ET Fri, 17 Aug 2018
  
  Trump: Mueller has many conflicts
- 03:48
  
  03:48 | 10:14 AM ET Fri, 17 Aug 2018
  
  Someone needs to help Elon Musk because he can't do all this alone, says NYT's Jim Stewart
- 01:55
  
  01:55 | 9:43 AM ET Fri, 17 Aug 2018
  
  Marriott launches Unified Loyalty program, combining Marriott, SPG, Ritz
- 05:54
  
  05:54 | 10:48 AM ET Fri, 17 Aug 2018
  
  Ben & Jerry’s new CEO: Businesses must affect positive change
- 02:53
  
  02:53 | 8:32 AM ET Fri, 17 Aug 2018
  
  Jackson Hole Fed meeting: What issues are on the table
- 02:57
  
  02:57 | 9:38 AM ET Fri, 17 Aug 2018
  
  Musk and Tesla directors to meet with SEC: NYT
- 03:53
  
  03:53 | 7:39 AM ET Fri, 17 Aug 2018
  
  DoorDash now valued at $4 billion, CEO weighs in
- 04:51
  
  04:51 | 7:34 AM ET Fri, 17 Aug 2018
  
  FBI warns of criminal ATM cash-outs, here's how to protect yourself
- 02:10
  
  02:10 | 7:02 AM ET Fri, 17 Aug 2018
  
  Shanghai stocks drop to 31 month low
- 02:25
  
  02:25 | 6:52 AM ET Fri, 17 Aug 2018
  
  Deere shows mixed results in earnings citing cost pressures
- 03:22
  
  03:22 | 8:08 AM ET Fri, 17 Aug 2018
  
  Paper straw supply can't keep up with the demand, says Hoffmaster Group CEO
- 04:20
  
  04:20 | 6:33 AM ET Fri, 17 Aug 2018
  
  Manufacturing disruptions are hurting EpiPens
›
Must Watch Videos
‹
- 02:19
  
  02:19 | 8:53 AM ET Fri, 17 Aug 2018
  
  Pickup trucks see a price increase thanks to lifestyle buyers
- 01:34
  
  01:34 | 2:30 PM ET Fri, 17 Aug 2018
  
  The biggest risk to emerging markets isn't Turkey — it's China
- 02:54
  
  02:54 | 9:36 AM ET Wed, 6 June 2018
  
  Aviator sunglasses for kids have made millions for this military family
- 04:47
  
  04:47 | 12:46 PM ET Tue, 14 Aug 2018
  
  How do tariffs work?
- 01:38
  
  01:38 | 2:20 PM ET Thu, 16 Aug 2018
  
  401(k) millionaires at all-time high
- 02:27
  
  02:27 | 2:10 PM ET Thu, 16 Aug 2018
  
  What it takes to be a Mount Everest tour expedition leader
- 04:51
  
  04:51 | 8:32 AM ET Thu, 16 Aug 2018
  
  Seven experts on why they like chipmaker Nvidia ahead of earnings
- 01:28
  
  01:28 | 1:54 PM ET Thu, 16 Aug 2018
  
  President Trump’s military parade is now estimated to cost $92 million
- 42:28
  
  42:28 | 12:22 PM ET Wed, 15 Aug 2018
  
  LinkedIn CEO Jeff Weiner shares advice on leadership, hiring and firing
- 01:14
  
  01:14 | 4:45 PM ET Wed, 15 Aug 2018
  
  Cancel your gym membership and save thousands each year by working out for free
- 02:26
  
  02:26 | 11:03 AM ET Wed, 15 Aug 2018
  
  This is the secret to surviving in an Amazon era, according to the CEO of Thinx underwear
- 02:54
  
  02:54 | 10:32 AM ET Mon, 14 May 2018
  
  SoulCycle CEO Melanie Whelan's advice to young career women: Find a role where you own a P&L
- 01:23
  
  01:23 | 2:27 PM ET Tue, 14 Aug 2018
  
  Marcus Lemonis: Here's why it's important to graduate from college
- 02:20
  
  02:20 | 1:34 PM ET Tue, 14 Aug 2018
  
  This 32-year-old makes six figures selling other people’s stuff on Amazon and eBay
- 02:46
  
  02:46 | 9:55 AM ET Tue, 14 Aug 2018
  
  Bluemercury CEO and co-founder shares the tactic she uses to handle 'mansplaining'
- 01:25
  
  01:25 | 1:28 PM ET Wed, 11 April 2018
  
  7 ways to boost your success while working less, according to a 5-year study
- 01:47
  
  01:47 | 11:30 AM ET Thu, 9 Aug 2018
  
  Tamara Mellon: 'I don't believe brands should be silent anymore'
- 01:01
  
  01:01 | 8:44 AM ET Thu, 9 Aug 2018
  
  Jay Leno has worked at least 2 jobs simultaneously since he was 16—here’s why
- 04:57
  
  04:57 | 8:08 AM ET Wed, 8 Aug 2018
  
  Magic Leap wants to forever change how we use computers with the Magic Leap One headset
- 06:32
  
  06:32 | 9:50 AM ET Wed, 8 Aug 2018
  
  Uber’s security features are making it hard for transgender drivers to stay in business
- 01:55
  
  01:55 | 6:59 PM ET Tue, 7 Aug 2018
  
  This robot home assistant has the same capabilities as Amazon Alexa, but it's a lot cuter
- 06:13
  
  06:13 | 12:26 PM ET Thu, 9 Aug 2018
  
  This 11-year-old drag kid encourages LGBTQ youth to be themselves
- 01:27
  
  01:27 | 10:45 AM ET Wed, 8 Aug 2018
  
  Why millennials are struggling in a booming economy
- 00:47
  
  00:47 | 12:42 PM ET Tue, 7 Aug 2018
  
  'The Profit' star Marcus Lemonis on bitcoin: 'I like good old American cash'
- 02:27
  
  02:27 | 10:13 AM ET Tue, 7 Aug 2018
  
  How this cybersecurity company is using AI to fight hackers
- 04:47
  
  04:47 | 8:55 AM ET Tue, 7 Aug 2018
  
  Is it too late to pursue my dream job?
- 02:35
  
  02:35 | 11:11 AM ET Tue, 31 July 2018
  
  These top financial executives control billions of dollars — but their inbox, not so much
- 05:27
  
  05:27 | 7:13 PM ET Fri, 3 Aug 2018
  
  Some families are paying thousands of dollars to choose their baby's gender
- 01:23
  
  01:23 | 8:27 AM ET Fri, 6 July 2018
  
  Here's how to lower your cell phone bill
- 05:18
  
  05:18 | 2:51 PM ET Thu, 26 July 2018
  
  This is the cost of President Trump's 'America first' policy
›
CEO Interviews
‹
- 03:15
  
  03:15 | 9:10 AM ET Thu, 16 Aug 2018
  
  Cisco CEO on earnings and growth
- 07:14
  
  07:14 | 7:21 AM ET Thu, 16 Aug 2018
  
  Kaiser Permanente CEO on health costs, the economics of health care
- 42:28
  
  42:28 | 12:22 PM ET Wed, 15 Aug 2018
  
  LinkedIn CEO Jeff Weiner shares advice on leadership, hiring and firing
- 12:08
  
  12:08 | 7:11 AM ET Wed, 15 Aug 2018
  
  Verizon CEO Hans Vestberg on 5G, Apple TV, Oath
- 02:57
  
  02:57 | 8:44 AM ET Fri, 10 Aug 2018
  
  Norwegian Cruise Lines CEO: Economists should look at cruise industry as a leading economic indicator
- 07:36
  
  07:36 | 9:38 AM ET Wed, 8 Aug 2018
  
  Cigna CEO David Cordani defends Express Scripts deal
- 05:47
  
  05:47 | 7:35 AM ET Tue, 7 Aug 2018
  
  Etsy CEO: It's a business imperative to have strong female representation in the company
- 03:58
  
  03:58 | 8:35 AM ET Tue, 7 Aug 2018
  
  Zillow CEO: Mortgage Lenders of America acquisition is foundational for us
- 03:10
  
  03:10 | 6:47 AM ET Tue, 7 Aug 2018
  
  Weight Watchers CEO: Influencers are diversifying our base
- 02:43
  
  02:43 | 7:51 AM ET Mon, 6 Aug 2018
  
  A&W CEO Kevin Bazner on restaurant biz
- 03:42
  
  03:42 | 7:35 AM ET Mon, 6 Aug 2018
  
  Henry Schein CEO on earnings
- 05:18
  
  05:18 | 7:43 AM ET Fri, 3 Aug 2018
  
  Peloton CEO: We're becoming a media company akin to Netflix
- 04:31
  
  04:31 | 11:25 AM ET Thu, 2 Aug 2018
  
  Fitbit CEO on shares falling due to tariff scare
- 03:24
  
  03:24 | 8:45 AM ET Thu, 2 Aug 2018
  
  Scientific Games digital CEO on the tech behind sports betting
- 04:23
  
  04:23 | 7:16 AM ET Wed, 1 Aug 2018
  
  Consumer is still in the market for new vehicles: AutoNation CEO
- 01:46
  
  01:46 | 12:59 PM ET Tue, 31 July 2018
  
  Pfizer CEO: Made decision to defer drug prices after Trump tweet
- 03:58
  
  03:58 | 10:34 AM ET Fri, 27 July 2018
  
  NXP CEO: We did not lose focus amid Qualcomm deal process
- 11:23
  
  11:23 | 3:33 PM ET Mon, 30 July 2018
  
  Watch CNBC's exclusive interview with JP Morgan CEO Jamie Dimon
- 04:22
  
  04:22 | 10:16 AM ET Fri, 27 July 2018
  
  Expedia CEO: Disciplined marketing spend helped deliver on bottom line
- 02:36
  
  02:36 | 3:15 PM ET Thu, 26 July 2018
  
  International Paper CEO: Secondary trade impact big issue for us
- 04:04
  
  04:04 | 1:39 PM ET Thu, 26 July 2018
  
  American Airlines CEO on rough quarterly earnings
- 02:20
  
  02:20 | 10:20 AM ET Thu, 26 July 2018
  
  New Dunkin' Brands CEO: Blueprint for growth is continuing to modernize the brand
- 11:57
  
  11:57 | 10:32 AM ET Thu, 26 July 2018
  
  Watch CNBC's exclusive interview with Qualcomm CEO on NXP deal
- 04:14
  
  04:14 | 8:51 AM ET Thu, 26 July 2018
  
  Yext partners with Amazon: CEO
- 03:00
  
  03:00 | 6:50 AM ET Thu, 26 July 2018
  
  Southwest Airlines CEO: It was a challenging quarter
- 10:34
  
  10:34 | 10:05 AM ET Wed, 25 July 2018
  
  Coca-Cola CEO on Q2 earnings and trade
- 02:22
  
  02:22 | 3:26 PM ET Tue, 24 July 2018
  
  TD Ameritrade CEO on the record about company's earnings
- 02:47
  
  02:47 | 3:14 PM ET Thu, 19 July 2018
  
  BB&T CEO: If loans are growing, the economy is good
- 04:04
  
  04:04 | 10:50 AM ET Thu, 19 July 2018
  
  Union Pacific CEO: First steel tariffs had an immediate and direct impact
- 03:00
  
  03:00 | 3:10 PM ET Mon, 16 July 2018
  
  Citigroup CEO: There are concerns around global exposures
›

Santelli Exchange: Hidden cost of bailouts

You May Like

Latest Video

Top Video

Must Watch Videos

CEO Interviews

News Tips

CNBC Newsletters