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Michael Hudson On Why The US Risks Becoming The Next Greece
Odd Lots
MMT, Modern Monetary Theory, and Debt Foreclosure
CNN's John Avlon talks with Peter Bergen about MMT, modern monetary theory. He says the idea is to pump money into economy of people who work and produce things. In China, there isn't much daylight between financial sector and government, he says. But in U.S., "the financial sector is its own distinct set of private interests that's distinct from actual productive capacity"
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