Monday, 18 October 2010

New favourite lecture

For a long time I considered Peter Schiff's lecture:
Why the Meltdown Should Have Surprised No One to be the most insightful lecture on the state of our economy you can find on the internet. I've now changed my mind. I'd say it has been topped by Michael Hudson's lecture at the American Monetary Institute in October 2010. To see it go to this page on Steve Keen's blog and scroll down to where it says "Hudson Talk". The viewer is expected to already know about fractional reserve banking and I don't think the lecture will make much sense without that.

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