Episode

11/20 Stephanie Kelton: Why the Elite Are Living In an Economic Fantasy

November 20, 2012

Professor Stephanie Kelton explained the origins of the Bretton Woods system, why US policy makers still make policy as if we were in a gold standard world, why we will not become like Greece, what really creates hyper inflation, why the US can easily reach full employment

without inflation, the problem is demand, why the inflation of the 70s was not driven by government seeking full employment, why the “solutions” to the fiscal cliff will produce a fiscal crises, what is the best policy to follow now and how the economic debate is changing.

The Better Half: How to deal with a bad fiscal cliff deal deal, IMer Bushinchainz did not like the Stephenie Kelton interview and the coming Ross Douthat scanda

And keep the conversation going on the morning thread! 

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