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Mark Blyth on “Story in the Public Square”

Summary:
Mark Blyth gets MMT (although he doesn't mention it) and at the end of the interview he makes a powerful statement about why welfare is an investment. [embedded content] One of the most persistent ideas in the politics of the West, whether we’re talking about Europe or the United States, is that government debt is best attacked through reducing government spending. Mark Blyth, warns though, that “austerity,” as such plans are known, is a historically dangerous idea.

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Mark Blyth gets MMT (although he doesn't mention it) and at the end of the interview he makes a powerful statement about why welfare is an investment.


One of the most persistent ideas in the politics of the West, whether we’re talking about Europe or the United States, is that government debt is best attacked through reducing government spending. Mark Blyth, warns though, that “austerity,” as such plans are known, is a historically dangerous idea.
Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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