The Love of Money
We Have Exalted Making Money To Be The Only Thing That Has Any Value
British Prime Minister David Cameron and his Chancellor George Osborne are currently enforcing “savage” spending cuts that, in Cameron’s own words, “will change our whole way of life”.
What have the British people done to deserve this punishment?
Tonight’s guest, Professor L. Randall Wray, has got some very revealing answers.
If you want to know how we got in this mess – listen to this show.
If you want to know what’s going to happen next – listen to this show.
And if you want to know what we should do about it… well, you know what to do.
This is one of our very best – and most important – shows. Please: tell all your friends about it.
Presented by Peter Cox, Ali Gardiner, Dave Bartram and Ian Winn.
L. Randall Wray is a Professor of Economics at the University of Missouri-Kansas City and Senior Scholar at the Levy Economics Institute of Bard College, NY. A student of Hyman P. Minsky, Wray has focused on monetary theory and policy, macroeconomics, financial instability, and employment policy. He has published widely in journals and is the author of Understanding Modern Money: The Key to Full Employment and Price Stability (Elgar, 1998) and Money and Credit in Capitalist Economies (Elgar 1990). Wray received a B.A. from the University of the Pacific and an M.A. and Ph.D. from Washington University in St. Louis. He has served as a visiting professor at the Universities of Rome and Bologna in Italy, the University of Paris, and UAM and UNAM in Mexico City.