How the Economy Actually Works - Dr. Yeva Nersisyan, Franklin and Marshall - DS Pod 270

Dr. Yeva Nersisyan is a professor of economics at Franklin and
Marshall College whose research focus includes Modern Monetary
Theory, Post-Keynesianism, and the Institutionalist traditions.
She has published widely on the subject of banking and financial
instability, which is why we invited her on to talk about how the
economy *actually* works. MMT theorists argue that Neo-classical
economists have a deeply limited understanding of the economy, as
demonstrated by the Fed’s recent inability to control inflation
by adjusting interest rates - which is basically the only lever
available to it. We discuss how it seems that no one who is
sitting at the top of the economic pyramid seems to understand
how to shift the course of the economy, how providing jobs is the
key to stability, the emergence of modern economic policy in the
post-war years, and much more. Sign up for our Patreon and get
episodes early + join our weekly Patron Chat
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word: https://demystifysci.myspreadshop.com/ (00:00:00) Go!
(00:06:41) What are the basic economic levers?


(00:13:14) Regulation comes either way


(00:20:29) Keynes says


(00:26:15) Money supply first


(00:34:26) What is money?


(00:43:29) FDIC - has it been tested?


(00:56:00) Industry & money


(01:07:08) Jobs needed v. jobs wanted


(01:13:20) Patreon Ask


(01:13:27) Revised MMT


(01:28:50) Government brain drain


(01:40:10) Extreme povery at home


(01:53:00) Economic policy starts post war


(02:04:26) Inflation v. employment


(02:19:40) Financialization v. humanization


(02:30:04) Today's democrazy


(02:40:03) Infrastructure vs. ATMs #sciencepodcast,
#longformpodcast, #ModernMonetaryTheory, #EconomicsExplained,
#PostKeynesian, #FinancialStability, #JobsFirst, #EconomicPolicy,
#MoneySupply, #BankingInsights, #InflationDebate,
#GovernmentSpending, #EconomicLevers, #FiscalPolicy,
#MonetaryTheory, #EmploymentFocus, #EconomicInequality Check our
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https://www.youtube.com/c/DemystifyingScience AND our material
science investigations of atomics, @MaterialAtomics
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https://bit.ly/3v3kz2S PODCAST INFO: Anastasia completed her PhD
studying bioelectricity at Columbia University. When not talking
to brilliant people or making movies, she spends her time
painting, reading, and guiding backcountry excursions. Shilo also
did his PhD at Columbia studying the elastic properties of
molecular water. When he's not in the film studio, he's exploring
sound in music. They are both freelance professors at various
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