Guns and Butter

Guns and Butter – January 25, 2012

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“The New Junk Economics” with Michael Hudson. (One from the archives of 2010.) 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.