An economics, investment, trading and policy blog with a focus on Modern Monetary Theory (MMT). We seek the truth, avoid the mainstream and are virulently anti-neoliberalism.
Thanks TH; very enjoyable to view/listen to an economist who is so conversant with appropriate historical precedents and who allows one to see insights which the MMT-promoters probably know but don't seem to utilize in such a brilliant manner.
How's this Political Science professor understand the ECONOMICS of the situation in Europe better than most economists? From an MMT perspective, the beginning was a little shaky when he said things like 'paying for wars without raising taxes' but once he got going on Europe, I thought the presentation was excellent.
JK - At the beginning, he was speaking very "tongue in cheek," and began by describing the situation as it is conventionally interpreted. Then after he started on Locke et. al., he shifted over to his real thoughts.
Thanks for the interpretation. I was thrown off because in between, when he started talking about US vs. UK and then EU responses to the crises, he mentioned that the US and UK have their own currencies.
Didn't realize the tongue in cheek beginning but now that you say it, it makes sense. Appreciate the heads up.
6 comments:
Nice to see him having a go at Alesina (one of the twits along with R&R at Harvard.
Thanks TH; very enjoyable to view/listen to an economist who is so conversant with appropriate historical precedents and who allows one to see insights which the MMT-promoters probably know but don't seem to utilize in such a brilliant manner.
How's this Political Science professor understand the ECONOMICS of the situation in Europe better than most economists? From an MMT perspective, the beginning was a little shaky when he said things like 'paying for wars without raising taxes' but once he got going on Europe, I thought the presentation was excellent.
JK - At the beginning, he was speaking very "tongue in cheek," and began by describing the situation as it is conventionally interpreted. Then after he started on Locke et. al., he shifted over to his real thoughts.
Clonal,
Thanks for the interpretation. I was thrown off because in between, when he started talking about US vs. UK and then EU responses to the crises, he mentioned that the US and UK have their own currencies.
Didn't realize the tongue in cheek beginning but now that you say it, it makes sense. Appreciate the heads up.
Pretty good video, thanks.
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