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 new insight or understanding did you gain from this video?