Guns and Butter, for January 25, 2012 - 1:00pm
Download this clip (mp3, 10.28 megabytes)
Play this clip in your Computer's media player
"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.