Response to Doug Henwood’s Trolling in Jacobin - Heterodox

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Doug Henwood's radio archives (through December 2016) LBO editor Doug Henwood does a radio show on WBAI, New York, covering economics and politics. It's on most Thursdays, 5-6 PM NYC time. WBAI is at 99.5 on the FM dial - and also, via RealPlayer, on the web.Here are some archived shows, as well as some individual interviews. Henwood: “Wray’s explanation of the Weimar hyperinflation, one of the most dazzling of all time, is odd. The deficits, Wray explained in his book, were caused by the inflation, not the other way round.” Yes, that is true; Henwood adopts the Monetarist explanation that “too much money” causes inflation. He confuses causation and Doug Henwood In Jacobin On NeochartalismOn Facebook, Doug Henwood says that he wanted the title The Phantasmic World Of Modern Monetary Theory, A Late Imperial Fever Dream for his piece critiquing Neochartalism but Jacobin editors changed it to Modern Monetary Theory Isn’t Helping.Henwood has written an excellent critique of Neochartalism, a cut above most critiques. by Doug Henwood Bitcoin, once a fairly arcane topic, is now everywhere. The market pundit Robert Prechter, who is a great psychologist of financial markets despite being a devoted follower of Ayn Rand and believing in a piece of superstition called Elliott Wave theory, once argued that in the course of a major bull market there’s something called a “point of recognition,” when the Archive of Doug Henwood's radio shows. Doug Henwood began doing Behind the News on WBAI, New York, in 1995. KPFA, 94.1 FM Berkeley, began broadcasting it in 2009.WBAI’s now-former program director, who seems more interested in hawking miracle cures than political analysis, dropped it 2010, but it lives on at KPFA (Thursdays at noon, Pacific time).

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