On Modern Monetary Theory. Doug Henwood joins us to discuss whether MMT offers a fiscal alternative for Left governments. What is monetary sovereignty and do all states have it? What are MMT's prospects for states as different as the USA, Nigeria or Brazil? Is it a suspect economic remedy, too much of a quick fix? Are MMT proponents guilty of avoiding political confrontation? 

Readings

Modern Monetary Theory Isn’t Helping, Doug Henwood, Jacobin

MMT Is Already Helping, Pavlina R. Tcherneva, Jacobin

Modern Money Theory 101: A Reply to Critics (pdf), Éric Tymoigne and L. Randall Wray 

Modern Money Theory (MMT) vs. Structural Keynesianism, Thomas Palley

What Is Modern Monetary Theory and Why Is It So Important to the Green New Deal?, Jacob Weindling, Paste Magazine

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