Conversation on Greek Debt Crisis


Falling out of the conversation discussed in my previous post, The Question I Wanted to Ask, is the link to the Conversation on Greek Debt Crisis. I have been unable to view the video myself because it uses Adobe Flash Player. I have banished Flash from my computers over security issues, but if you are cavalier about security, you can probably watch this.

What intrigues me about this post is the comment in that original article:

Watching Stephanie Kelton guide the conversation, sitting next to Bernie Sanders as she was, it was clear the delicate challenge she faces in poking at the edges of the precepts of the status quo without pushing things into the scary and marginalized territory of counter-intuitive reality.

Stephanie Kelton is a name to remember and someone worth following. Bernie Sanders has appointed her as the Chief Economist for the minority of the Senate Budget Committee of which he is the ranking member. In her previous academic career, she was one of the active advocates of the Modern Money Theory (MMT). A lot of MMT followers and I are hoping great things will come of her appointment. If she can find a way for Bernie Sanders to talk about this theory to explain how he can accomplish all the things he wants to accomplish, then it would give him great credibility. The problem arises because of the nature of MMT. It describes reality in a way that is counter-intuitive in the face of all the propaganda that the oligarchs have been feeding us about money and government deficits.

In one previous post Alan Greenspan Let’s The Truth Slip Out, I show a video of Alan Greenspan letting loose the truth about the fiction that Social Security will run out of money. Even he admits to the fact that the right wing propaganda is completely phoney.

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