Did the MMT Camp Correctly Predict the Post-Covid Economy?

in voilk •  2 months ago

    by Mises Media on Mises Media
    View my bio on Vigilante.TV: https://vigilante.tv/c/misesmedia Did the MMT Camp Correctly Predict the Post-Covid Economy?

    Recently on Twitter, as a reaction to an FT post worrying about the growing debts of various governments, fans of MMT were posting screenshots from a May 2020 FT debate involving Stephanie Kelton. The implication was that Kelton had correctly predicted that government debt would be benign. Bob and guest Jonathan Newman dissent.

    Stephanie Kelton and Edward Chancellor's Debate on Government Debt: https://Mises.org/HAP445a
    Martin Wolf's Article on Government Debt: https://Mises.org/HAP445b
    Bob's Debate with Warren Mosler on MMT: https://Mises.org/HAP445c
    Bob and Jonathan's Episode on Price Inflation: https://Mises.org/HAP445d
    Bob's Article on the Economic Outlook for the US: https://Mises.org/HAP445e

    Find free books, daily articles, podcasts, lecture series, and everything about the Austrian School of Economics, at https://Mises.org​​.

    Twitter ► https://twitter.com/mises/
    Podcasts ► https://mises.org/podcasts
    Facebook ► https://www.facebook.com/mises.institute/
    Instagram ► https://www.instagram.com/misesinstitute/
    SoundCloud ► https://soundcloud.com/misesmedia/
    Apple Podcasts ► https://podcasts.apple.com/us/artist/mises-institute/1280664810
    Rumble ► https://rumble.com/c/c-2212754
    Odysee ► https://odysee.com/@mises/

    Chapters
    00:00 Free Book!
    00:25 Introduction
    03:38 MMT's Results over the Past Four Years
    12:49 How MMT Views Debt Differently
    20:48 Using Interest Rates as a Policy Tool
    26:26 Debt Crisis Risks and Historical Examples
    34:39 Could Inflation be Useful for Governments?
    38:10 Did Kelton Think Inflation was Transitory?
    40:05 Kelton's Prediction


    Check out today’s video..!

      Authors get paid when people like you upvote their post.
      If you enjoyed what you read here, create your account today and start earning FREE VOILK!