In a recent episode of “The Problem With Jon Stewart,” the former Daily Show host asks former president of the Kansas City Fed Thomas Hoenig why the Fed couldn’t have bailed out homeowners, or just “quantitative ease” away the Treasury’s debt. Hoenig gives muddy answers, so Bob tries to clarify.
Mentioned in the Episode and Other Links of Interest:
Jon Stewart’s full interview with Thomas HoenigJon Stewart skewers Paul KrugmanJon Stewart interviews Kelton and Gray on MMTBob’s book Understanding Money Mechanics
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