The New Junk Economics-Guns and Butter-KPFA - January 25, 2012 torrent

The New Junk Economics-Guns and Butter-KPFA - January 25, 2012

\"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.