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Top US economist explains how MMT works
(media.mas.to)
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this post was submitted on 04 May 2024
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the_dunk_tank
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It's the dunk tank.
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so while i've never dived into it, the superficial explanations of mmt are superficially compelling.
i do not understand what relationship if any it has with prior left/communist ideas. and mmt seems not to be interested in such relationships.
is this in the dunk tank because mmt? or because capitalist trying to explain why mmt is wrong?
And does anybody know where to start if I wanted to dive in? (even if it's just to argue with an annoying friend at Goldman?)
Second Thought: Why The Government Has Infinite Money. As usual his links in the description are also very good.
ETA: I haven’t seen the new film I referred to in another comment yet, but I’m hopeful that it’s good as well. It may not have the Marxist angle that Second Thought brings, though; we’ll see.
I was right: it spent about 90 seconds on class analysis. For the amount of footage filmed at UMKC, you’d think they’d have stopped by Michael Hudson’s office, but I guess interviewing a Marxian economist would be a bridge too far for normies. Still it was well made and worth a watch.
BitTorrent magnet link.
cc: @YellowParenti@hexbear.net
:rosa-salute:
I found a YouTube link in your comment. Here are links to the same video on alternative frontends that protect your privacy:
The Youtube channel 1Dime has a great intro video that has a lot of sources, but Stephanie Kelton's book The Deficit Myth is generally the most talked about as an intro to the topic.
:rosa-salute: