34 Modern Monetary Theory (MMT) w/ Chris Hoover

Chris and Jay discuss Modern Monetary Theory (MMT), reacting to a couple of podcasts (links below) that are far better than this podcast. Maybe just listen to those instead? ;)

034.mp3 (1h 40m 46MB)

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Links:

• 0m: Musical intro by Skytrekg! Click to follow him on Twitch! An amazing traditional (oil, guache, etc) artist, guitarist, and singer.
• 1m: Pitchfork Economics: Debunking deficit myths (with Stephanie Kelton): Modern Monetary Theory is an attempt to accurately describe how government debt and complex financial systems actually work and it can help us responsibly use our resources. No one is more knowledgeable on the subject than returning guest, Professor Stephanie Kelton. On this episode, originally released in 2020, Kelton explains the myths surrounding MMT and what a new understanding of the budget could do for our economy.
• 5m: The Problem w/ Jon Stewart: Jon Referees an Economist Battle: “When economist and Fed exec Thomas Hoenig told Jon on this podcast that printing money was a bad idea, economists Stephanie Kelton and Rohan Grey took to the internet to start an Economist Battle (it’s more fun than it sounds). Now they’re here to tell Jon about a new approach to economics called Modern Monetary Theory, and why printing money maybe isn’t so bad after all. But first, Jon discusses trespassing bears and the current situation in Ukraine with staff members Tocarra Mallard, Alexa Loftus, and Deniz Cam.”
• 31m: Gold Prices - 100 Year Historical Chart, inflation adjusted
• 47m: US Inflation Rates 1929-2024
• 57m: The Hoover Dam
• 1h 6m: Double-entry bookkeeping
• 1h 13m: Stagflation
• 1h 16m: History of the New York City Subway
• 1h 18m: Deflation is bad, right?
• 1h 20m: Census Bureau Releases Estimates of Undercount and Overcount in the 2020 Census
• 1h 34m: The dismal science: “is a derogatory alternative name for economics coined by the Scottish historian Thomas Carlyle in the 19th century (originally in the context of his argument to reintroduce slavery in the West Indies)”
• 1h 36m: EconTalk
• 1h 37m: Basic Economics by Thomas Sowell
• 1h 37m: How an Economy Grows and Why It Crashes by Peter D Schiff