An Alternative To European Austerity: Modern Money Theory - S. Kelton and M. Hudson, #249
Difference between sovereign and non-sovereign mo…
April 12, 201559m 13s
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Show Notes
Difference between sovereign and non-sovereign money; what is money; fiat money; gold standard; fixed exchange rates; the Euro; difference between central banks and commercial banks; deflation and inflation; financial war against the economy; credit supply and asset prices; bank lending and capital investment; debt deflation stage and austerity stage of finance capitalism.
Aired: March 7, 2012
Stephanie Kelton and Michael Hudson
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