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Renegade.inc: Stephenie Kelton – MMT – Letters from America

Summary:
Another superb interview by Renegade.inc.Who could not want to give MMT a try after hearing this? [embedded content] It was Victor Hugo who said that all the forces in the world are not so powerful as an idea whose time has come. In the US, inequality and collapsing capitalism means the idea of embracing a socialist politician is gathering momentum. The cynical stock response to how socialism can deliver on its economic promises is to ask, ‘but how do you pay for it?’ Economists advocating Modern Monetary Theory say it is the way to fund vital public services. Host Ross Ashcroft travels to New York to meet with Bernie Sanders economic adviser, Professor Stephanie Kelton, to ask what MMT can deliver and if America is ready for a new socialist American dream.

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Another superb interview by Renegade.inc.

Who could not want to give MMT a try after hearing this?


It was Victor Hugo who said that all the forces in the world are not so powerful as an idea whose time has come. In the US, inequality and collapsing capitalism means the idea of embracing a socialist politician is gathering momentum.
The cynical stock response to how socialism can deliver on its economic promises is to ask, ‘but how do you pay for it?’ Economists advocating Modern Monetary Theory say it is the way to fund vital public services.
Host Ross Ashcroft travels to New York to meet with Bernie Sanders economic adviser, Professor Stephanie Kelton, to ask what MMT can deliver and if America is ready for a new socialist American dream.
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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