Guns and Butter

Guns and Butter – The New Junk Economics: From Democracy to Neoliberal Oligarchy

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"The New Junk Economics:  From Democracy to Neoliberal Oligarchy" with financial economist and historian, Dr. Michael Hudson.  We discuss the Federal Reserve; money as debt; Fed Chairman Ben Bernanke's misconception of the causes of the great depression of the 1930's; classical political economy versus anti-classical, so-called "neoclassical", economics; the labor theory of value; the dollar carry trade; government deficit spending; Greece.