Patricia and Christian talk with economist, writer, real estate market strategist and alternate member of the Supervisory Board of the Central Bank of Iceland Olaf Margeirsson about the economy of Iceland and his Job Guarantee proposal.

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Follow Olaf on Twitter (@IcelandicEcon): https://twitter.com/IcelandicEcon

For an intro to MMT, listen to our first three episodes: https://www.patreon.com/posts/41742417

A quick read describing MMT: https://theconversation.com/explainer-what-is-modern-monetary-theory-72095

All our episodes in chronological order: https://www.patreon.com/posts/43111643

Our episode 20 with Warren Mosler on the UMKC Buckaroo (starting at 13:48): https://www.patreon.com/posts/28004824

Our episode 43 with Sam Levey on endogenous money: https://www.patreon.com/posts/35073683

Olaf's writing:

The State Can Afford This - But Should It?: https://sibs.is/fraedsla/greinar/rikid-hefur-efni-a-thessu-en-a-ad-gera-thad/

Iceland: We Need to Talk about Unemployment – and a Job Guarantee: http://www.global-isp.org/wp-content/uploads/PN-122.pdf

Olaf's blog: https://icelandicecon.blogspot.com/

IS-LM: an explanation by John Hicks: attached

Maastricht And All That by Wynne Godley: https://gimms.org.uk/2020/07/19/maastricht-and-all-that/

Can Taxes and Bonds Finance Government Spending? by Stephanie Kelton: http://www.levyinstitute.org/pubs/wp244.pdf

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Sign up for "Modern Monetary Theory and European Macroeconomics" (online course with Dr Dirk Ehnts, running 9th - 13th August 2021 - APPLICATION DEADLINE IS JULY 26TH 2021): https://maastricht.dreamapply.com/courses/course/134-modern-monetary-theory-and-european-macroeconomics?search=34057

Transcript for opening monologue: https://www.patreon.com/posts/49267705

We are working towards full transcripts, but in the meantime, closed captions for all episodes are available on our YouTube channel: https://www.youtube.com/channel/UCEp_nGVTuMfBun2wiG-c0Ew/videos

Show notes: https://www.patreon.com/posts/49267564