The Deficit Myth and Modern Modern Theory – a conversation

Adept Economics Director Gene Tunny has recorded some thoughts on Stephanie Kelton’s best-selling book The Deficit Myth which is popularising so-called Modern Monetary Theory (MMT):

The Deficit Myth and Modern Monetary Theory – initial views

In his recorded conversation with Adept Economics Research Officer Ben Scott, Gene referred extensively to Reserve Bank of Australia Governor Philip Lowe’s excellent July 2020 speech in which the Governor critiqued MMT:

COVID-19, the Labour Market and Public Sector Balance Sheets

Gene has previously chatted about MMT with guests on his podcast such as Joe Branigan – e.g. check out Paying for the coronavirus rescue message.

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