Marshall Auerback discusses the latest in Euro woes and the possibility of it spreading beyond the Eurozone. In the first clip Marshall stresses the need for ECB intervention to calm the onset of a debt-deflation dynamic. In the second, he follows up on the likelihood that the crisis will spread to sovereign currency nations like the US, where he explains that insolvency is not a threat.
http://watch.bnn.ca/#clip574795
http://watch.bnn.ca/#clip574835
Comments Off on Marshall Auerback on BNN: What’s Europe’s Next Step?
Posted in Marshall Auerback
Tagged debt deflation, ecb backstop, euro crisis, euro yield spikes, solvency, sovereign currency
Watch Stephanie Kelton explain why TINA falls apart as justification to tolerate unemployment once we understand the relationship between the United States and her currency. The lecture took place at Luther College in beautiful Decorah, Iowa on September 28, 2011. Note: if you would like to see the handout featured in the video click here.
Comments Off on Why You and I Can’t Spend More Than We Bring In, but the Government Can – and Probably Should
Posted in MMT, Stephanie Kelton, Uncategorized
Tagged curse of tina, luther college, MMT, sovereign currency, Stephanie Kelton
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