by Summary:
Steven Hail is an Adjunct Associate Professor at Torrens University, having previously been a Lecturer in the School of Economics at the University of Adelaide. Gabrielle Bond is CEO of the Modern Money Lab, and closely works with Steven Hail to develop a strong set of course around MMT and ecological economics. Website: https://modernmoneylab.org.au/ Lecture Steve Keen gave for the Modern Money Lab: https://youtu.be/5LvyxH3O7kE
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Steven Hail is an Adjunct Associate Professor at Torrens University, having previously been a Lecturer in the School of Economics at the University of Adelaide. Gabrielle Bond is CEO of the Modern Money Lab, and closely works with Steven Hail to develop a strong set of course around MMT and ecological economics. Website: https://modernmoneylab.org.au/ Lecture Steve Keen gave for the Modern Money Lab: https://youtu.be/5LvyxH3O7kE
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| Steven Hail is an Adjunct Associate Professor at Torrens University, having previously been a Lecturer in the School of Economics at the University of Adelaide. Gabrielle Bond is CEO of the Modern Money Lab, and closely works with Steven Hail to develop a strong set of course around MMT and ecological economics. Website: https://modernmoneylab.org.au/ Lecture Steve Keen gave for the Modern Money Lab: https://youtu.be/5LvyxH3O7kE |
I wanted to thank Steve for answering pleb questions. I think a talk debunking more of how the banking system works would be immensely educational. I don't think you've done that so far?
I have, but not on this show. Yes, it's a good idea.
@ProfSteveKeen I suspected. If there is a video on yt a couple keywords would suffice for me to find it. ty again! lerner looks to have been an interesting fellow, although I could inject Lerner Index doesn't account for cross stock ownership. When multiple cartels are owned by the same fund (say Vanguard), the owners benefit from profiteering..
@ProfSteveKeen n/m i think i found relevant video.
@ProfSteveKeen the banking system is described in terms of deposits, reserves and loans, but often ignored are bank investments (since glass-stegall was revoked), their own stocks and the fact they can and do borrow money cheap and rent it at usurious prices along with increasingly elaborate fees, profiting thereby. volatile interest rates interact with all of the above in em.. non linear ways.
Q: are there any economic models that use cost of live v disposable income as part of their model?
Hey professor
I am very much keen about macroeconomics.
I would be a matter yo great pleasure if you appoint me as a research intern. .
I have cleared Global economics olympiad and scored 4 on AP Macroeconomics.
What happens if the central bank donates its QE holdings to the Treasury?
The CB's equity goes down and the Tsy equity goes up. Politically it might mean something and the markets may react to it, but from an operational standpoint, it means nothing.
Yes, to Daniel, MMT is considered by the MAGA conservatives in the US as some sort of evil communism or woke (whatever that is). Going to be an uphill battle.