Michael Hudson on the real debt problem

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Find above a new video from Micheal Hudson skewering many of the monetarist assumptions underpinning today’s world of finance. I don’t agree with it all but it’s certainly a point of view that is more right than wrong.

About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.