Modern Money Theory

By Kevin Zeese and Margaret Flowers. Bill Black of the newly formed Bank Whistleblowers United is interviewed about the plan they have put forward to instill the rule of law on Wall Street and end fraud with the hope of mitigating the effects of the next financial crisis. The plan they put forward could be taken by a president within 60 days without congressional action. It would instill the rule of law on Wall Street and end fraud with the hope of mitigating the effects of the next financial crisis. We also spoke with Randall Wray, an expert in financial instability and macroeconomics, about alternatives to the current financial system that would bring greater stability. His focus is on Modern Money Theory which believes government spending on essentials like infrastructure, transition to clean energy, tuition-free college education and repaying the debts of students, among other things. It believes in shrinking the role of the Federal Reserve...