Sectoral balances and the value of government IOUs

Adam Haman returns to discuss with Bob the economics of the petrodollar. They also go through some key moments from the recent ZeroHedge debate between Bob and MMT co-founder Randall Wray.

Mentioned in the Episode and Other Links of Interest:

• The YouTube version of this conversation.
• The ZeroHedge debate.
• Scott Beyer on the petrodollar.
• Bob critiques the sectoral balance demonstration, and Kelton's book.
• This episode’s sponsor, the Scott Horton Academy.
• The HamanNature substack.
• Help support the Bob Murphy Show.