by Summary:
New interview: What is Steve Keens take on MMT and how does his theories differ? He agrees with most of what MMT says and he then goes to describe how the Chinese government runs a MMT type economy by making its own money and spending it on projects like the One Belt Road Initiative - The New Silk Road - creating full employment. At 23 minutes he describes where he differs from MMT (there is also a bit at 1.30 minutes). He says he differs from MMT in how he sees the role of private banks in creating money and I would say his position is closer to that of Positive Money. [embedded content]
Topics:
Mike Norman considers the following as important:
This could be interesting, too:
New interview: What is Steve Keens take on MMT and how does his theories differ? He agrees with most of what MMT says and he then goes to describe how the Chinese government runs a MMT type economy by making its own money and spending it on projects like the One Belt Road Initiative - The New Silk Road - creating full employment. At 23 minutes he describes where he differs from MMT (there is also a bit at 1.30 minutes). He says he differs from MMT in how he sees the role of private banks in creating money and I would say his position is closer to that of Positive Money.New interview: What is Steve Keens take on MMT and how does his theories differ? He agrees with most of what MMT says and he then goes to describe how the Chinese government runs a MMT type economy by making its own money and spending it on projects like the One Belt Road Initiative - The New Silk Road - creating full employment. At 23 minutes he describes where he differs from MMT (there is also a bit at 1.30 minutes). He says he differs from MMT in how he sees the role of private banks in creating money and I would say his position is closer to that of Positive Money. [embedded content]
Topics:
Mike Norman considers the following as important:
This could be interesting, too:
Jodi Beggs writes Economists Do It With Models 1970-01-01 00:00:00
Mike Norman writes 24 per cent annual interest on time deposits: St Petersburg Travel Notes, installment three — Gilbert Doctorow
Lars Pålsson Syll writes Daniel Waldenströms rappakalja om ojämlikheten
Merijn T. Knibbe writes ´Fryslan boppe´. An in-depth inspirational analysis of work rewarded with the 2024 Riksbank prize in economic sciences.