Episode 13: Modern Monetary Theory (feat. Bill Mitchell)

Recently, Modern Monetary Theory (MMT) has gained public attraction
especially in the US. The rise of the heterodox economic theory is,
partly, due to the fact that it has been associated with the Green
New Deal, a state-led public investment program meant to transfer
the US economy and tackle the climate crisis. MMT has provided
progressive politicians with the means to answer the obvious
question: how to pay for the GND? Timo Harjuniemi and Lauri Holappa
are joined by one of the most influential MMT scholars, Bill
Mitchell. Bill Mitchell is a professor of economics at the
University of Newcastle, Australia. Mitchell talks with us about
the foundations and history of MMT and addresses the criticisms
hurled at it by mainstream economists. Moreover, we discuss how the
crisis of the neoliberal era and mainstream economic thought
relates to the rise of MMT. And what about the future? What does it
hold for MMT? See Bill’s blog:
http://bilbo.economicoutlook.net/blog/ See also the new MMT
textbook by Bill Mitchell, Randy Wray and Martin Watts:
http://bilbo.economicoutlook.net/blog/?page_id=33139 Bill's
Twitter: https://twitter.com/billy_blog