Michael Hudson on Public Banking

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Video via http://www.youtube.com/watch?v=hkUNaO4T6gI

Description

Econintersect:

"Michael Hudson says that banking since World War I has been more and more focused on loading down the economy with debt rather than what he thinks should be the business of banks, which is financing economic growth and production. Hudson says that banks should be public, government run enterprises lending money only on economic merit and Ponzi speculation should remain private in separate institutions. See also what he thinks of public-private partnerships." (http://econintersect.com/b2evolution/blog1.php/2013/04/01/michael-hudson-on-public-banking)