The Financial Crisis (With Subtitles)
Courtesy of Jesse's Cafe Americain
There is something very wrong about hearing R. Lee Ermey speaking French. Even if the words do not match the subtitles. And would he have ever used the word 'rhetorical' in real life?
I wonder if having Darth Vader explain Modern Monetary Theory, and then arrogantly choke off any serious discussion, was intentionally satirical?
MMT is little more than a de facto debt default through monetary inflation backed by official coercion, pure and simple. There is a third way between modern monetary inflation and destructive austerity. Reform the financial system and make the bond holders and investors take the downsides of the risks which they have incurred, in the manner of Iceland. But there is little knowledge of this, because the monied interests are controlling the discussion.
For a related topic see The Debt Prisoner's Dilemma.
Enjoy.


