Warren Mosler on Modern Monetary Theory

Thought I’d share this video of Warren Mosler being interviewed by Marshall Auerback on Modern Monetary Theory. If you don’t know who Warren Mosler is, you should! Warren discusses (among other things) the government’s role as issuer of the currency, the meaning of deficits and the job guarantee. He is great at simplifying economic concepts although what he says goes against everything we usually hear about the economy. Mosler is talking about the US, but in the UK, the system is much the same. Give it a watch.

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