I highly recommend that all of our readers catch this video presentation from Bill Mitchell. This is from the sold-out meeting that occurred last week in London and IMO is more informative than the panel discussion.
Rather than repeating the same MMT talking points, Bill takes on the biggest impediment to MMT- the social psychology of national policymaking.
Check it out here.
To his credit, he does both (reaffirm the talking points and introducing the concept of framing). In the Q&A session, he describes what his role as an academic does and doesn't entail.
ReplyDeleteBrilliant speech. Every advocate of optimizing the political and regulatory systems must watch.
ReplyDeleteI recommend watching the Q&A too, worth it.
ReplyDeleteIs good to see "we are moving forward", discussing the academe and economics profession in charge has no use, there has to be a change in the perception of the people and the narrative.
BTW I completely agree with Coppola comment in the end: we have to stop calling government "debt", well, debt.
ReplyDeleteP.S: And yeah, stop issuing anything other than short term paper and consolidate the CB with the Treasury.
Ignacio, do you have the link to the Q & A?
ReplyDeletehttps://www.youtube.com/watch?v=5TP9X6UqlDc
ReplyDeleteIs on the same youtube channel
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