Sunday, March 20, 2011

Good video explaining gov't debt myths



Collaboration by Prof John Harvey and Tschaff Reisberg.



Send this around to whomever you know.

9 comments:

rvm said...

Again, regarding option two (where the money will come from for the salaries of government employees) - buying back government debt by the Fed does not introduce new money to the economy, don't you think?

Detroit Dan said...

Great post. I'm sharing this whole series with everyone I know who care about such things.

rvm said...

I should also say that the clip was great - easily accessible model of the economy (one employer, some employees and government). No doubt we need more such clips in the future!

wilwon32 said...

This is a good start; just hope the authors will continue to this effort and address the multitude of MMT-related aspects of the macro-economy with such clarity.

Chewitup said...

Great idea, but the narration sucked. How about a take two. Get some TCU Drama Dept. guy to help out. Sorry to be critical, but a good friend will tell you if you have a hanging booger.

Tschäff said...

I feel very honored you posted this. Thank you Mike Norman.

Tschäff said...

@Chewitup, you're right regarding the narration. I'm dyslexic, and its very hard for me to read out loud smoothly. I had to edit the audio heavily to take out pauses where I'd memorize the sentence before I spoke it, took forever to do. I'll try to find someone with a deep baritone voice that commands respect to do the next video (if I make one).

Also this was my first stab at flash. Next try should be better. :)

rommeldak said...

You have nothing for which to apologize, Tschäff, you did an excellent job and I remain thankful to you for the hard work you put into making my blog post a living, breathing testament to Post Keynesian economics! When I am in Chicago next year for the ASSA meetings, I'll buy you a beer!

Tschäff said...

Thanks John.