James Galbraith is a particularly effective communicator for an economist, so I thought readers would enjoy seeing him on the RT show Boom & Bust (although the theme song strikes me as designed to generate a headache).
Galbraith reviews some of his arguments from his early 2000s book The Predator State, which has proven to be prescient on many fronts (for instance, his must-read discussion of higher education). He also covers the issue of national solvency and under what circumstances countries can suffer. The short form is that a country that issues its own currency can’t become insolvent internally, but small countries are at risk that its trade partners will regard it with less enthusiasm, meaning its price falls, which results in inflation. Wealthy locals can also become disaffected and invest in foreign currency assets.
This segment would serve as a good primer for friends and colleagues who wonder whether to believe scary talk about US deficits and the future of the dollar.