Friday, April 3, 2020

Walk the World - The Merits of MMT + MMT Is Now Official Policy!

I discuss MMT (Modern Monetary Theory) with Steven Hail from the University of Adelaide, who makes the case for a different way to think about public debt, and the potential benefits of running a (controlled) deficit. 





A point by point critique of MMT which I found interesting.





2 comments:

Peter Pan said...

Plan B: Do a lot of monetary stimulus and ascribe it to MMT. Do next to no fiscal.

Mike Norman said...

Bob,

Right. Plan B is the new Plan A. Exactly.