Sunday , February 23 2025
Home / Mike Norman Economics / Prof Yanis Varoufakis on Modern Monetary Theory and the Job Guarantee Program – 13 Aug 2020

Prof Yanis Varoufakis on Modern Monetary Theory and the Job Guarantee Program – 13 Aug 2020

Summary:
I've looked around the internet and Yanis Varoufakis does appear to endorce MMT, but he has concerns that the bankers will abuse it, adding that this is why they are so enthusiastic about it. He also says it can be used used for investment and to create jobs. But I will agree, he doesn't seem to be all that excited about it. I've put this up for discussion. Thoughts below please. Yanis Varoufakis on MMT[embedded content]https://youtu.be/mhZPYtR0M0Q

Topics:
Mike Norman considers the following as important:

This could be interesting, too:

New Economics Foundation writes Is the Labour government delivering on its promises?

John Quiggin writes Dispensing with the US-centric financial system

New Economics Foundation writes Whose growth is it anyway?

Matias Vernengo writes What is heterodox economics?

I've looked around the internet and Yanis Varoufakis does appear to endorce MMT, but he has concerns that the bankers will abuse it, adding that this is why they are so enthusiastic about it. He also says it can be used used for investment and to create jobs. But I will agree, he doesn't seem to be all that excited about it. 

I've put this up for discussion. Thoughts below please. 

Yanis Varoufakis on MMT




https://youtu.be/mhZPYtR0M0Q

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Your email address will not be published.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 *