Alert icon
We're changing our privacy policy. This stuff matters.  Learn more  Dismiss

Fiscal Austerity or Stimulus - Conference Panel - December 8, 2011

Loading...

Sign in or sign up now!
Alert icon
Upgrade to the latest Flash Player for improved playback performance. Upgrade now or more info.
1,072
Loading...
Alert icon
Sign in or sign up now!
Alert icon

Uploaded by on Dec 14, 2011

This Panel was held on December 8, 2011 as part of the 13th Path to Full Employment Conference/18th National Unemployment Conference held between December 7-8, 2011 and hosted by the Centre of Full Employment and Equity at the University of Newcastle.

The Panel consisted of:

1. Professor William Mitchell (CofFEE, University of Newcastle)

2. Professor L. Randall Wray (UMKC-Missouri)

3. Professor Joan Muysken (CofFEE-Europe, University of Maastricht)

4. Dr Bruce Philp (Nottingham Trent University)

Category:

Education

Tags:

License:

Standard YouTube License

Link to this comment:

Share to:
see all

All Comments (4)

Sign In or Sign Up now to post a comment!
  • Thanks for posting this excellent panel discussion with some of the greatest economists out there.

  • After 1945 the UK government debt/national income ratio was 250% and policy was tied to supporting the pound dollar exchange rate, throughout our history the ratio has been higher than it is now and has not been a problem.

    Government spending/tax in a Sovereign Monetary system creates/reduces money demand, deficits fund private sector saving desires, this is lent back to the government, so it's not a problem, the only functional reason for government to do this is to hit a given interest rate.

  • Bill Mitchell's Billy Blog Modern Monetary Theory … alternative economic thinking for 16/12/11 has the slide below the link for this video.

  • Very interesting thank you for posting! Is there anywhere we can download the slides? Curious what levels of government debt the panelists would consider to be too high? Found the comment that bond markets in sovereign debt don't have to matter hard to understand--clearly the central bank can only monetize so much debt before enormous problems are created?

Loading...

Alert icon
0 / 00Unsaved Playlist Return to active list
    1. Your queue is empty. Add videos to your queue using this button:
      or sign in to load a different list.
    Loading...Loading...Saving...
    • Clear all videos from this list
    • Learn more