Does Modern Monetary Theory make sense? - podcast episode cover

Does Modern Monetary Theory make sense?

Apr 17, 201731 minSeason 1Ep. 37
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Episode description

Modern Monetary Theory states that’s, because the government of a country is the monopoly supplier of money, it has an unlimited capacity to pay for things and provide funds for other sectors. If the theory is right, why not provide enough money to ensure there is full employment, so full use is made of available labour? Phil Dobbie asks Professor Steve Keen whether he is a supporter of MMT. It seems he is, in part, but departs from the ideology when it comes to the theory relating to exports and imports.

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