The Deficit Myth & Modern Monetary Theory – initial views

<p>Discussion of Stephanie Kelton’s book <a href="https://www.publicaffairsbooks.com/titles/stephanie-kelton/the-deficit-myth/9781541736184/" target="_blank">The Deficit Myth</a>, which is popularising Modern Monetary Theory, between Economics Explained host Gene Tunny and his colleague Ben Scott from Adept Economics. </p><p>Resources mentioned in the discussion include:</p><p>Reserve Bank of Australia Governor Philip Lowe’s speech <a href="https://rba.gov.au/speeches/2020/sp-gov-2020-07-21.html" target="_blank">COVID-19, the Labour Market and Public Sector Balance Sheets</a></p><p>Olivier Blanchard’s paper <a href="https://www.piie.com/publications/working-papers/public-debt-and-low-interest-rates" target="_blank">Public Debt and Low Interest Rates</a></p>