I hope readers forgive me for not posting myself tonight. I not only have a lot of good guest contributions, but Philip Pilkington called my attention to this presentation by Dr. Heiner Flassbeck, a former deputy secretary in the German Ministry of Finance and currently chief economist the UN agency for World Trade and Development in Geneva. Even though I feature videos from time to time, I thought this one was particularly worthy of reader attention.

Don’t be deceived. The talk starts out a bit dry, but Dr. Flassbeck builds up a real head of steam as he gets into his material.