James Galbraith does a fair bit of myth busting here. This is a must watch. The only thing I don’t like is where he says he agrees with Dick Cheney on the idea that “deficits don’t matter”. When discussing the idea of an autonomous contingent currency issuer (see here) we have to be very clear that deficits definitely do matter in that they could cause high inflation or any other number of potential negative side effects for the economy. But overall, this is an excellent interview and Professor Galbraith does a fantastic job getting to the point:
Mr. Roche is the Founder and Chief Investment Officer of Discipline Funds.Discipline Funds is a low fee financial advisory firm with a focus on helping people be more disciplined with their finances.
He is also the author of Pragmatic Capitalism: What Every Investor Needs to Understand About Money and Finance, Understanding the Modern Monetary System and Understanding Modern Portfolio Construction.
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