Earlier this month the Athens Development and Governance Institute and the Levy Economics Institute held a forum on the eurozone crisis: “Exiting the Crisis: The Challenge of an Alternative Policy Roadmap.” Below are the remarks [on video] delivered by senior scholars Jan Kregel and James Galbraith.Multiplier Effect
Kregel and Galbraith on the Euro Crisis
Michael Stephens
3 comments:
I’ve had a low opinion of Kregel ever since discovering he doesn’t understand the point (which is obvious to every MMTer) namely that there are no real costs involved in having the government / central bank machine create and spend new money into the economy.
See p.6, col.1 here:
http://www.levyinstitute.org/publications/?docid=1567
I think the video links missing.
Link to Galbraith and Kregel videos is now fixed.
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