18. Warren Mosler Defends the Essential Insights of Modern Monetary Theory (MMT)
Bob and Warren Mosler discuss the assumptions behind Modern Monetary Theory and its implications for economic policy.
Bob and Warren Mosler discuss the assumptions behind Modern Monetary Theory and its implications for economic policy.
Keynesian economics is the economics of debt-addicted, lower-class spendthrifts: modern governments.
Bob interviews Alex Tabarrok, professor of economics at George Mason University and co-author of the popular Marginal Revolution blog.
Oskar Lange was a Marxist economist and intellectual opponent of Mises. Late in his career, he sought to merge praxeology and Marxism.
Slobodian merits great credit for his detailed account of Mises and Hayek’s interest in world federalism, but he fails to grasp the fundamental issue motivating what they said.
To understand the marketplace, it is not necessary to believe in the existence of a selfish, profit-maximizing human.
It is possible to have greater income equality and greater economic growth. It simply requires more free market policies and less government interventionism.
Modern Monetary Theory (MMT) is a hip economic/financial paradigm apparently sweeping a world unsatisfied with mainstream economics.
The socialist and anti-liberal movements we now face comes to use from intellectuals, aristocrats, and other elites. The "proletariat" has had no role in devising the movements we're told serve the interests of "the people."