The Phaserl


Max Keiser on crypto-currencies & Dean Baker on aggregate demand

from Boom Bust:

Erin welcomes The Keiser Report’s Max Keiser talks about Bitcoin, Mt. Gox, and a second generation crypto-currency alternative, his very own Maxcoin!

Although Mt. Gox is facing trouble, Keiser doesn’t believe that Bitcoin is going to lose its long term value, and he further explains why he thinks crypto-currencies have more intrinsic value than fiat currency. Watch to see what he thinks of the US dollar, the British pound, and the effect crypto-currencies have on the banking world.

After the break, Erin sits down with macroeconomics expert and co-founder of the Center for Economic and Policy Research Dean Baker on his thoughts on why growth in the US has slowed down. Erin asks Baker’s views on US wage growth, consumption expenditures, and how to get back to full employment. He discusses inadequate aggregate demand and secular stagnation and gives some possibilities on how to get out of it.

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3 comments to Max Keiser on crypto-currencies & Dean Baker on aggregate demand

  • jonathan

    Gold was at 1700 last year then in two months it got knocked down to 1200 and establishment investors said gold was done and it was a relic. Bitcoin goes up over 1000 then with the Mt Gox issue it is knocked down below 500 so the Gold Crowd starts acting like the establishment investors and claims Cryptos are done. The parallels are stunning.

  • Jon

    I believe you are mistaken, the us dollar is currency. What it is not, is money. Money will retain its value over time currency does not.

  • Eric B

    MtGox? I can’t seem to find a MtGox anymore……but, I can’t find my bullion either…..seems it sank on a boat somewhere…….

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