Governments the world over are spending like crazy to try and steer their economies through the COVID-19 crisis. Whether it’s the fiscal policies of the government or the monetary policies of the central bank, it all still revolves around using money that wasn’t around a few months ago. So how much of what is happening is described by Modern Monetary Theory – and how much more could be done if we accepted that MMT is the way things should really work. And do central banks, or treasurers really understand it? Phil Dobbie asks Prof Steve Keen whether MMT can solve the COVID-19 debt problem?
Climate Crisis
MMT Conference 2019 – MMT and the Green New Deal (Part 1)
Introduction – Dirk Ehnts (0:49) 2. Fadhel Kaboub (7:58) 3. Maggie Dickinson (23:01)
Economics
Steve Keen – Coronavirus: Inflation or Deflation? Why we need a Modern Debt Jubilee Now
Everyone is fearful of inflation because this was pounded into their heads by politicians and mainstream media over decades. It is all they know. But as Steve Keen writes, it is all about debt deflation. […]
Economics
Progressive Economy Forum: “Where will the money come from?” with Ann Pettifor
Progressives are often accused of believing in the “magic money tree” whenever they call for, say, more investment in public services. In this episode Ann Pettifor, expert on the monetary system and international financial architecture, […]
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