L. Randall Wray: Time for a New Approach for Unemployment?

The video discusses the internationalization of the RMB, capital account liberalization, and the evolution of the US financial system. It highlights Minsky's views on financial crises and the importance of regulatory responses. The concept of a job guarantee program is explored as a means to achieve economic stability. The discussion also covers China's currency policy and the need for a free-floating exchange rate to maintain fiscal sovereignty.

What parallels does the speaker draw between the financial situations of the 1920s and the 2000s?

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Explain the concept of 'shared prosperity' as discussed in the interview.

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What role does the speaker believe the government should play in employment during economic downturns?

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What criticisms does the Job Guarantee program face, according to the text?

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