Perry Mehrling: "US dollar is still the least dirty t-shirt in the drawer."

[@noahway13]

I like this host. Great questions and no interruptions.

[@LOSTmanONTHEINTERNET]

Can't believe he said Czechoslovakia haha. Funny how he corrected him then but not directly.

[@dzhaughnne]

Agreed. Rousek was actually very gracious in how he made the correction.

[@paltieri11]

Call the book just “Money”

[@metalstamping]

Perry is handsome

[@tomsawyer4857]

War time and peace time refer to the difficulty of pulling off a scam on the American people. 😂

[@jermainex364]

Promo-SM

[@allanwilmath8226]

'Moving from war time to peace time finance', seriously?! WTF is wrong with this guy, this week Congress is trying to spend another 115 billion this year to fund wars or future wars in 3 theaters in addition to record Petnagaon spending. This guy has no credibility. That's like saying the economy is great with all of this unemployment and spiralling household debt and government debt. It's insanity.

[@janw5694]

Perry Mehrling is a professor who developed some theoretical concepts, like "Money view", which have high recognition within academia and by among some of the finance professionals. Both "war finance" and "peace finance" are his terms that have specific meaning that he though not explained in this interview (which is his oversight"). War finance means high government spending (creation of funds by central bank), peace finance means (a standard) creation of bank deposits by the commercial banks with moderate role of the government spending. Mehrling used these terms without any reference to the current geopolitical situation. PS the abbreviation WTF is not polite even though it hides the swearword.