The diagram (video) could still do with some clearing up of points, like government I.O.U's, but it better than Diagrams & Dollars.
Published on 20 Jun 2016
Introduction and overview of the reality of modern fiat money: Why the millennial generation CAN afford to build a better world. An updated and expanded version of the best-selling "Diagrams & Dollars."
From New Economics Perspectives:
By J.D. Alt
As I pondered Professor Kalecki’s analysis, I was also trying to decide whether to go public with an admittedly “amateurish” video I’d put together to promote the book “The Millennials’ Money.” I was having doubts (having produced it with a miniscule budget) whether the quality of the video is good enough to be useful. Also, I was beginning to have doubts whether these ideas actually connect with, or fit into, any kind of potentially achievable future reality. Kalecki’s lecture erased any doubts about the latter―but it also makes it clear that the path to getting there is going to be overwhelmingly obstructed by the present dominance of the corporate economy over our collective governance.
In the end, I decided to go ahead and put the video out there, hoping that, in spite of its production shortcomings, it might become useful as a quick MMT introduction that is accessible enough to actually be absorbed by a lot of otherwise busy, distracted, or only peripherally engaged people. Here it is: