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Episode 7 – The World of MMT with Professors Stephanie Kelton & Bill Mitchell
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2 originators of MMT talk about its past & present. Stephanie Kelton defines the difference between deficit hawks doves (a la Krugman) as the choice between austerity now or austerity later. Mitchell explains how MMT applies to both large closed economies like the US and small open economies like Australia as well as countries that don’t issue their own currencies. Despite different histories & institutional structures, neoliberalism has spared no one in its devastating wake. Despite some local differences, the overarching progressive agenda is the same for all, and is impossible to achieve without MMT.
Stephanie Kelton is Professor of Economics & Policy at Stony Brook University and was senior economics advisor to Bernie Sanders 2016 presidential campaign.
@StephanieKelton on Twitter
Bill Mitchell is Professor of Economics at University of Newcastle, Melbourne, Australia and creator of the first blog devoted to MMT
bilbo.economicoutlook.net/blog/
@billy_blog on Twitter
Special Thanks to Geoffrey Ginter for the excellent intro song! And of course special thanks to our guests Profs. Stephanie Ketlon & Bill Mitchell, the donors of Real Progressives and our excellent staff of volunteers
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Show Notes
Transcript
Extras
Download
2 originators of MMT talk about its past & present. Stephanie Kelton defines the difference between deficit hawks doves (a la Krugman) as the choice between austerity now or austerity later. Mitchell explains how MMT applies to both large closed economies like the US and small open economies like Australia as well as countries that don’t issue their own currencies. Despite different histories & institutional structures, neoliberalism has spared no one in its devastating wake. Despite some local differences, the overarching progressive agenda is the same for all, and is impossible to achieve without MMT.
Stephanie Kelton is Professor of Economics & Policy at Stony Brook University and was senior economics advisor to Bernie Sanders 2016 presidential campaign.
@StephanieKelton on Twitter
Bill Mitchell is Professor of Economics at University of Newcastle, Melbourne, Australia and creator of the first blog devoted to MMT
bilbo.economicoutlook.net/blog/
@billy_blog on Twitter
Special Thanks to Geoffrey Ginter for the excellent intro song! And of course special thanks to our guests Profs. Stephanie Ketlon & Bill Mitchell, the donors of Real Progressives and our excellent staff of volunteers