Boom Bust Season 2 Episode 23 Paul Craig Roberts On Corporatism and Mosler On the Economy

In season 2 episode 23 of Boom Bust, expert Paul Craig Roberts delves into the issue of corporatism and its effects on society. As a former Assistant Secretary of the Treasury under President Reagan, Roberts offers unique insights into the ways in which corporate interests influence government policies and ultimately impact the economy.

In his interview, Roberts discusses the dangers of allowing corporations to hold too much power in society. He argues that when corporate interests are placed above the needs of the people, it can lead to a host of negative consequences, from rising inequality to environmental degradation. Moreover, Roberts stresses the importance of holding corporations accountable for their actions, particularly when it comes to issues like climate change.

Later in the episode, economist Warren Mosler offers his perspective on the state of the economy. Mosler is a well-known advocate for modern monetary theory, a school of thought that challenges traditional economic thinking about government deficits and public spending.

Mosler believes that the traditional concept of a balanced budget is outdated and unnecessary, and argues that governments should focus on creating full employment rather than worrying about the deficit. Additionally, he discusses the role of interest rates in economic growth and how central banks around the world are responding to changing economic conditions.

Overall, this episode of Boom Bust offers a thought-provoking exploration of some of the key economic issues facing society today. From the dangers of unchecked corporatism to the nuances of modern monetary theory, viewers are sure to come away with a deeper understanding of these complex topics and their impact on the world around us.