Michael Roberts and Radhika Desai: Debt Makes the World Go Out of Control

Another wonderful discussion between two great economists about what debt does to the world economy. Whether the debt is student, auto, mortgage, commercial real estate, housing or government, debt is present because incomes for most of the Mordor population have stagnated.

How far back in history does this go? The Federal reserve prints its own money with no gold standard to back it up. How long can this go on?

Watch on Michael Hudson’s website

 

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