#019: Marx & MMT

This week we hold a chat with Professor Mathew Forstater of the University of Missouri-Kansas City. We talk about the role of primitive accumulation in the rise of capitalism, how government taxes were a tool of primitive accumulation in the colonies, and how it continues to work it's magic in today's economic system. Marx's thoughts on fiat currency get a hearing, as does the role of America’s deficit and their government debt. For our US listeners, it explains the stupidity of the current 'Grand Bargain' Obama has under negotiation, the ideology of it all, and the likely outcomes. Enjoy!