Tuesday , November 5 2024
Home / Mike Norman Economics / Michael Stephens — This Time Is Different: Wray on Modern Monetary Theory

Michael Stephens — This Time Is Different: Wray on Modern Monetary Theory

Summary:
L. Randall Wray recently presented in Berlin at an event marking the release of the German translation of his book Understanding Modern Money. The presentation (in English) may be seen below, including responses by Doris Neuberger and Dirk Ehnts. Wray begins with a brief history of the development of MMT and his role in that development. He then lays out his version of the central points that constitute MMT (at 27:24) And for those who have been following the reactions in popular media, in which the conversation has shifted to the dangers of inflation, a segment that begins at 35:05 will be of interest. Here Wray discusses his view, following his reading of Minsky, that the job guarantee is crucial for achieving full employment without generating inflationary pressures or

Topics:
Mike Norman considers the following as important: ,

This could be interesting, too:

Mike Norman writes Jared Bernstein, total idiot. You have to see this to believe it.

Steve Roth writes MMT and the Wealth of Nations, Revisited

Matias Vernengo writes On central bank independence, and Brazilian monetary policy

Michael Hudson writes International Trade and MMT with Keen, Hudson


L. Randall Wray recently presented in Berlin at an event marking the release of the German translation of his book Understanding Modern Money. The presentation (in English) may be seen below, including responses by Doris Neuberger and Dirk Ehnts.
Wray begins with a brief history of the development of MMT and his role in that development. He then lays out his version of the central points that constitute MMT (at 27:24)
And for those who have been following the reactions in popular media, in which the conversation has shifted to the dangers of inflation, a segment that begins at 35:05 will be of interest. Here Wray discusses his view, following his reading of Minsky, that the job guarantee is crucial for achieving full employment without generating inflationary pressures or financial instability.
Multiplier Effect
This Time Is Different: Wray on Modern Monetary Theory
Michael Stephens
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.

Leave a Reply

Your email address will not be published. Required fields are marked *