Here’s a vid of Prof. Stephanie Kelton of the University of Missouri, Kansas City appearing on Russia Today’s “Capital Account”, in order to explain Modern Monetary Theory (MMT). Capital Account is a good show and hosts a lot of interesting guests that don’t get much airtime on more mainstream TV. Lauren Lyster is the host and her team seem to do some decent research on the guests, so the interviews are always informative.
MMT offers the most coherent alternative to austerity that I have come across, and Kelton is very good at explaining her ideas in an easily accessible way. She tweets as @deficitowl on Twitter. Anyway, give it a watch.