Randall Wray's MMT Lecture Distorts History
The Modern Monetary Theory (MMT) crowd prides itself on fidelity to actual history. But Murphy shows how leading MMT guru Randall Wray completely distorts his discussion of two historical episodes in his college lecture. Wray, "Modern Money Theory for Beginners": Mises.org/HAP496a The NBER Paper on Colonial Virginia's Money Regime: Mises.org/HAP496b NPR Planet Money, "A Giant Stone Coin At The Bottom Of The Sea": Mises.org/HAP496c Milton Friedman, "The Island Of Stone Money": Mises.org/HAP496d B...
Apr 19, 2025•Ep. 496