Paul Davidson - What Goes Around Comes Around 3/4

The video discusses the impact of austerity on Europe, highlighting Germany and Greece's economic dynamics. It explores Keynes' post-war economic plan, emphasizing the role of creditor countries in solving balance of payments issues. The video also examines historical government spending, including Roosevelt's policies and the Marshall Plan, and argues for the importance of investment in education and infrastructure.

How does the concept of debt differ between debtor and creditor perspectives?

What lessons can be learned from Roosevelt's fiscal policies during the Great Depression?

In what ways can government spending be viewed as a productive investment?