Monday , October 26 2020
Home / Mike Norman Economics / Why Americans Need Debt Jubilees, Helicopter Money, and 21st-Century Greenbacks — Yves Smith interviews Richard Vague

Why Americans Need Debt Jubilees, Helicopter Money, and 21st-Century Greenbacks — Yves Smith interviews Richard Vague

Summary:
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

Topics:
Mike Norman considers the following as important:

This could be interesting, too:

Eric Kramer writes Yes, there is a Republican ideology. That is the problem . . .

run75441 writes The Reason Amy Coney Barrett May Have Been Chosen

Lars Pålsson Syll writes Reforming economics

Lars Pålsson Syll writes Molins fontän


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

Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

Leave a Reply

Your email address will not be published. Required fields are marked *