MMT economist Steven Hail helps understand the intricacies of a modern money banking system as they discuss the interplay of government spending, private sector transactions, reserve and bond accounts at the central bank and how these things impact on interest rates, plus the effect of quantitative easing.
Silicon Valley Bank collapsed last month because there was a run on the bank and they didn’t have the assets to cover their customers deposits. They were trading insolvent, in other words, even though they […]
Professor Bill Mitchell gives a talk at the Brighton Labour Party conference about MMT and the Green New Deal, and answers audience questions. Recorded 23rd September 2019. Listen here
When economist Thomas Picketty released his book ‘Capital in the 21Century’ people clambered to get a copy. The filmmaker Justin Pemberton has since made the film – in it, he points hard to how rentier […]
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