Mark and Alex embark on the perilous journey of attempting to talk about economics without boring everyone to death. In particular, the boys investigate Modern Monetary Theory, a radical and relatively new perspective on money and the state.

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Sources used in this episode

From the State Theory of Money to Modern Money Theory: An Alternative to Economic Orthodoxy, By L. Randall Wray

http://www.levyinstitute.org/pubs/wp_792.pdf

Understanding the Economic Fallacies of the Intergenerational Debate, by Bill Mitchel and Warren Mosler

http://billmitchell.org/publications/journals/J51_2006.pdf

My Response to a German Critic, by Bill Mitchel

Part 1: http://bilbo.economicoutlook.net/blog/?p=38964

Part 2: http://bilbo.economicoutlook.net/blog/?p=38992

Part 3: http://bilbo.economicoutlook.net/blog/?p=39022

A Skeptic’s Guide to Modern Monetary Theory, By N. Gregory Mankiw

https://scholar.harvard.edu/files/mankiw/files/skeptics_guide_to_modern_monetary_theory.pdf