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Search found 1569 items for:
- “Modern Monetary Theory”
Relevance: 4.960618
Library Item
Category: Mises U 2021, Mises Media, Conferences, Mises University
Online Publish Date: August 10, 2021
In this lecture from 2021's Mises University, Lucas Engelhardt summarizes the basics of Modern Monetary Theory (MMT), its consequences, and the strange ideology behind it. Presented at Mises University 2021.
Relevance: 4.958277
Library Item
Category: Mises U 2019, Mises Media, Conferences, Mises University
Online Publish Date: July 19, 2019
Recorded at the Mises Institute in Auburn, Alabama, on 19 July 2019.
Relevance: 4.954417
Library Item
Category: Audio Mises Wire, Mises Media, Audio Articles
Online Publish Date: June 26, 2020
It's easy to dismiss MMT out of hand, but the impulse to create something from nothing resides deep in the human psyche.
Narrated by the author.
Original Article: "MMT: Not Modern, Not Monetary, Not a Theory".
Relevance: 4.952597
Power & Market
Online Publish Date: June 24, 2020
Listen to the Audio Mises Wire version of this article.
Modern monetary theory (MMT) has a new champion, and a new bible. Stephanie Kelton, economics professor at SUNY Stony Brook, is the author of The Deficit Myth: Modern Monetary Theory and the Birth of the People's Economy. Professor Kelton was an advisor to the Bernie Sanders presidential campaigns, and her ideas increasingly find purchase...
Relevance: 4.952103
Wire
Online Publish Date: March 19, 2019
According to the Modern Money Theory (MMT), money is a thing that the State decides upon. Following the ideas of the German economist Georg Knapp, the MMT simply regards money as a token. For instance, when an individual places a coat in the cloakroom of a theatre, he receives a tin disc or a paper receipt. This receipt or a disc is a proof that the individual is entitled to demand the return of...
Relevance: 4.3420506
Library Item
Category: Mises U 2022, Mises Media, Conferences, Mises University
Online Publish Date: July 27, 2022
Lucas Engelhardt summarizes the basics of Modern Monetary Theory.
Recorded at the Mises Institute in Auburn, Alabama, on 27 July 2022.
Relevance: 4.3333006
Wire
Online Publish Date: October 8, 2019
According to some columnists, modern monetary theory (MMT) is the most powerful economic alternative to neoliberal orthodoxy. Is this really the case?
The key idea of MMT is that the government that controls the issuance of its currency cannot go bankrupt because it can always issue money to pay off its creditors. If so, then the government should not shy away from increasing the necessary...
Relevance: 3.7247016
Wire
Online Publish Date: December 1, 2020
Listen to the Audio Mises Wire version of this article.
These days, MMT—modern monetary theory—is all the rage.
Most people, especially among those criticizing this (post)modern way of looking at money and government spending, have focused on the macroeconomic parts of the illusive MMT promise. The gist of the MMT framework is that we can all have nice things if only government officials would...
Relevance: 3.7241693
Library Item
Category: Audio Mises Wire, Mises Media, Audio Articles
Online Publish Date: July 20, 2020
MMT starts to make a little more sense when thinking of it as comparable to money systems used under the USSR and the old Soviet Bloc.
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Millian Quinteros.
Original Article: "Modern Monetary Theory's Connection to Soviet-Era Money".
Relevance: 3.723888
Wire
Online Publish Date: April 4, 2022
Prices of goods and services in the economy seem to be going through the roof, and both consumers and producers suffer from the falling value of their money. Unfortunately, the public turns to politicians in Washington and economists around the world for answers.
While president Joe Biden and his administration call it Putin's price hike, the US Bureau of Labor Statistics reports that over the...
Relevance: 3.7204056
Wire
Online Publish Date: March 12, 2020
Modern monetary theory, or MMT, has been getting a lot of attention lately, often celebrated as a revolutionary breakthrough. However, there is absolutely nothing new about it. The very basis of the theory, the idea that governments can finance their expenditures themselves and that therefore deficits don’t matter, actually goes back to the Polish Marxist economist Michael Kalecki (1899–1970)....
Relevance: 3.7200053
Library Item
Category: Austrian School of Economics: Revisionist History and Contemporary Theory, Mises Media, Lecture Series, Courses on Economics
Online Publish Date: June 8, 2005
Monetary theory is where Austrians diverge the most from mainstream. Mises built a new taxonomy of money. He said money included any checking account deposits. The marginal utility of gold on the last day of barter was determined by the uses of gold. People then demanded gold as money because there was preexisting value. A paper dollar must have such a connection to money. Government cannot...
Relevance: 3.715695
Power & Market
Online Publish Date: February 12, 2019
Brian Maher of the Daily Reckoning quotes Murray Rothbard and me in his incisive critique of Modern Monetary Theory (MMT), which has lately been embraced by proponents of the "Green New Deal."
Relevance: 3.7149534
Wire
Online Publish Date: May 27, 2019
The influence of the economics of Michal Kalecki on Modern Monetary Theory (MMT) is hard to ignore. With its roots in the Neo-Marxist macroeconomic theory of Michal Kalecki, MMT carries with it the heritage of the labor theory of value and the Marxist state and class analysis. As a Marxist, Kalecki views the economy through the lens that capitalism is a class society. For him, two classes operate...
Relevance: 3.7146344
Wire
Online Publish Date: July 15, 2020
Listen to the Audio Mises Wire version of this article.
Adherents of modern monetary theory (MMT) argue that money is “a creature of the state,” as the economist Abba Lerner famously put it back in 1947. As they see it, money initially comes into existence as a result of government spending and derives its value from the fact that it can be used to discharge the public’s obligations to the...
Relevance: 3.7141824
Wire
Online Publish Date: September 14, 2021
The new kid on the economics block is something called modern monetary theory. The name is new, but the "theory" is not.
Proponents adamantly claim that it is both new and a theory of economics. To make it appear this way, they dress the ideas in unusual-sounding jargon and use rhetorical tricks. For example, instead of presenting actual arguments or responding to direct questions, they present a...
Relevance: 3.5265675
Library Item
Category: Review of Austrian Economics, Volumes 1-10, Institute Publications
Online Publish Date: February 22, 2023
Ludwig von Mises's contributions to the development of the technical methods and apparatus of monetary theory continue to be neglected today, despite the fact that Mises succeeded exactly eight decades ago, while barely out of his twenties, in a task that still admittedly defies the best efforts of the most eminent of modern monetary theorists, viz., integrating monetary and value theory. Such a...
Relevance: 3.5184736
Library Item
Category: Review of Austrian Economics, Volumes 1-10, Journals, Institute Publications
Ludwig von Mises's contributions to the development of the technical methods and apparatus of monetary theory continue to be neglected today, despite the fact that Mises succeeded exactly eight decades ago, while barely out of his twenties, in a task that still admittedly defies the best efforts of the most eminent of modern monetary theorists, viz., integrating monetary and value theory. Such a...
Relevance: 3.098569
Library Item
Category: Mises U 2020, Mises Media, Conferences, Mises University
Online Publish Date: July 15, 2020
Download the slides from this lecture at Mises.org/MU20_PPT_21.
Recorded at the Mises Institute in Auburn, Alabama, on 15 July 2020.
Relevance: 3.0959573
Library Item
Category: The Bob Murphy Show, Mises Media, Interviews
Online Publish Date: February 22, 2019
Bob brings on MMT superstar Warren Mosler to explain—not to debate!—his understanding of Modern Monetary Theory. After summarizing Mosler’s interesting background, the two discuss the assumptions behind MMT and its implications for economic policy.
For more information, see BobMurphyShow.com. The Bob Murphy Show is also available on iTunes, Stitcher, Spotify, and via RSS.