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Modern Monetary Theory solves all our economic problems

egberto

Call: (713) 526-5738 – Live stream: KPFT (Entire USA) Radio Show Date: July  28th, 2016

Economists have been effectively lying for decades – Modern Monetary Theory is the answer

You can also find previous episodes on YouTube here.

Today we discuss Modern Monetary Theory and why it logically solves all of our economic problems. Our guest is Arliss Bunny. She will discuss how MMT would solve all our fiscal and economic problems in the country.

According to Wikipedia, Modern Monetary Theory ” is an economic theory that details the procedures and consequences of using government-issued tokens as the unit of money, i.e., fiat money. According to modern monetary theory, “monetarily sovereign government is the monopoly supplier of its currency and can issue currency of any denomination in physical or non-physical forms. As such the government has an unlimited capacity to pay for the things it wishes to purchase and to fulfill promised future payments, and has an unlimited ability to provide funds to the other sectors. Thus, insolvency and bankruptcy of this government is not possible. It can always pay””

Arliss Bunny is a progressive rabbit American and economics wonk. She is the author of the well-reviewed e-book, The Smart Bunny’s Guide to Debt, Deficit and Austerity, which is being used as a text book at the university level as an introduction to Modern Monetary Theory. Arliss has two more Smart Bunny books due out this Fall, The Smart Bunny’s Guide to the Federal Reserve and The Smart Bunny’s Guide to Social Security. Arliss also has her own weekly radio program and podcast, Hopping Mad with Will McLeod and Arliss Bunny, airing on Netroots Radio at 8AM on Mondays or via podcast on Stitcher, iTunes and GooglePlay. You can reach Arliss on Twitter as @ArlissBunny or @ImHoppingMad. Her personal motto is, “Politics. Economics. Carrots!”

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