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Even if you don't listen to the podcast, at least read the intro by Yves. It's short but important for MMT understanding. The problem is not government debt but private debt with respect to financial stability (crisis) and price stability (inflation). The main reason is imprudent lending, in particular when it becomes institutional policy and SOP.Naked CapitalismWhy Americans Need Debt Jubilees, Helicopter Money, and 21st-Century Greenbacks: A 45-minute Conversation with Richard VagueYves Smith interviews Richard Vague
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Even if you don't listen to the podcast, at least read the intro by Yves. It's short but important for MMT understanding. The problem is not government debt but private debt with respect to financial stability (crisis) and price stability (inflation). The main reason is imprudent lending, in particular when it becomes institutional policy and SOP.Naked CapitalismWhy Americans Need Debt Jubilees, Helicopter Money, and 21st-Century Greenbacks: A 45-minute Conversation with Richard VagueYves Smith interviews Richard Vague
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Mike Norman considers the following as important:
This could be interesting, too:
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Even if you don't listen to the podcast, at least read the intro by Yves. It's short but important for MMT understanding. The problem is not government debt but private debt with respect to financial stability (crisis) and price stability (inflation). The main reason is imprudent lending, in particular when it becomes institutional policy and SOP.
Naked Capitalism
Why Americans Need Debt Jubilees, Helicopter Money, and 21st-Century Greenbacks: A 45-minute Conversation with Richard Vague
Yves Smith interviews Richard Vague