Wednesday, January 1, 2014

Chomsky Addresses Federal Reserve/Deficits

As much as I sympathize with the Ron Paul wing of the Republican party I think some of their criticisms and proposed solutions are just not in the real world.  Very theoretical and impractical.  Chomsky takes a question from a person that is probably among the Paul faction below.


Bernard said...

I agree generally with Chomsky here but I think he missed a nuance from the questioner, who seemed to me to be reflecting chartalist/MMT ideas as much as Ron Paul.

Namely, that while the Fed had to act to prevent a total collapse of a bankrupt finance sector, the currency issuer should not be a privately owned fed reserve and doesn't even need to be a central bank, ie it could be a desk in Treasury.

Unknown said...

Why is a doctor answering questions on economics? Dr. Chopra should stick to writing about health and spirituality and leave economics to experts like Ron Paul.

Examinator said...
This comment has been removed by the author.