In segment 1 Warren Mosler presents a too brief but rational and accurate picture of our Country's Treasury and Central Bank Operations, and a specific proposal (Payroll Tax Holiday) for solving our nation's economic problems of inadequate output and employment. The CNBC anchors specifically prevent any mention of his book.
In segment 2, David Walker presents a demagogue's view of our Country's finances with inappropriate comparisons and non-specific remedies to his view of our nation's economic problems. He accuses the US authorities of "creative accounting practices", he cautions that the U.S. "could end up like Greece", we are borrowing from "foreign lenders", and that the Fed is "buying our debt at record rates to hold down interest rates" all of these claims are counter to any evidence. The CNBC anchors mention the title and wish him well with his new book, how nice.