Loading ...Francis Hunt vs. Dan Gallagher
Worth a watch.
My take, and in the comments – basically Francis presents the Austrian school of economics – from a South African’s perspective against Gallagher’s Modern Monetary Theory – from an American (and I’d say Keynesian) perspective. A polite but agitated discussion with the take-away being what MMT has in store for western economies.
Around the mid point Gallagher comes out and says it (in a rather obfuscated manner) – Issuance of more debt isn’t going to save western economies (and the status quo), it’s increased taxation of ‘the rich’. Some good insight demonstrating the economic solution the State intends to save it self with.