Date: 2025-05-09 Page is: DBtxt003.php txt00025686
ECONOMICS
MODERN MONETARY THEORY
Academic Agent: Debunking Modern Monetary Theory (MMT)
MODERN MONETARY THEORY
Academic Agent: Debunking Modern Monetary Theory (MMT)
Original article: https://www.youtube.com/watch?v=qSYlzxczAY4
Peter Burgess COMMENTARY
I do not agree with much of this presentation. I have archived it in order better to understand the possible arguments there might be 'against' MMT ... Modern Monetary Theory
To me, this presenter sounds a lot like a combination of a very conventional economist of recent times and a financial investor. I am not at all convinced very much of his conclusions describe very much, if any, of how the socio-enviro-economic system really works.
Clearly I have work to do!
Peter Burgess
More TPB commentary ... December 2023
A second look has me more convinced that this presenter and most conventional economists and invesators are going to make matters worse rather than better to society at large not to mention the environment and the natural world.
Academic Agent
82K subscribers ... 71,676 views ... 3.1K likes
Premiered Apr 23, 2020
AA's Core Lessons
Old wine in new bottles, and it never tasted good.
My old video on The Origins of Money:
The Origins of Money
- Carl Menger, The Origins of Money (1892): https://cdn.mises.org/On%20the%20Orig...
- Ludwig von Mises, The Theory of Money and Credit (1912) https://cdn.mises.org/Theory%20of%20M...
- California Gold Rush: https://eh.net/encyclopedia/californi...
- My video on Government Bonds: • All About Government Bonds
- Business Insider Article on MMT: https://www.businessinsider.com/moder...
- W.H. Hutt, The Theory of Idle Resources (1939): https://cdn.mises.org/The%20Theory%20...
- My video which looks at Coca-Cola’s nickel fixed price: • Post-Keynesians Don't Understand Econ...
- Murray N. Rothbard, ‘The Austrian Theory of Money’ (1974): https://mises.org/library/austrian-th...
- US wages in 1971: https://www.dol.gov/agencies/whd/stat...
- Price of Dozen Eggs in 1971 (US): https://babel.hathitrust.org/cgi/pt?i...
- Price of TV set in 1971 (US): https://www.in2013dollars.com/Televis...
- Robert P. Murphy, ‘The Upside-Down World of MMT’ (2011): https://mises.org/library/upside-down...