Keiser Report: The Failure of Capitalism or Monetarism?
In this episode of the Keiser Report, Max and Stacy discuss Ray Dalio’s claims that capitalism has failed. They wonder if monetarism has instead failed and ponder the notion that interest rates, the price of money, is the only tool with which to ‘fix’ the economy. They also discuss Saudi Arabia’s threat, to journalists at Reuters, that they could abandon the dollar. In the second half, Max continues his interview with professor and author Steve Keen about the failure of negative interest rates, the promise of a Green New Deal or a Trump infrastructure package, and about Ray Dalio’s failure of capitalism claims.