Fictitious Capital and Bank Asset Fragility

Political economists Radhika Desai and Michael Hudson discuss the massive explosion of debt in the US and around the world, and how neoliberal economics leads to large bubbles based on speculation and asset-price inflation. VIDEO: https://youtube.com/watch?v=A63afuvkbmk You can watch other episodes of their program Geopolitical Economy Hour here: https://youtube.com/playlist?list=PLDAi0NdlN8hMl9DkPLikDDGccibhYHnDP