There IS An Alternative To European Austerity: Modern Money Theory (MMT) _on Guns & Butter

This show was broadcast March 12, 2012.
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No to Euro Austerity

GUNS AND BUTTER with Bonnie Faulkner
There IS An Alternative To European Austerity: Modern Money Theory (MMT) — Stephanie Kelton and Michael Hudson
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.


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