📰 Source: youtube | misesmedia

✍️ Original author: misesmedia

⬆️ score: 1,654

This week, Bob does a deep dive on the accounting argument at the heart of MMT, as a teaser for his chapter in the Mises Institute’s forthcoming book, Anti-MMT: The Errors of Modern Monetary Theory.

Related: Coming soon: Anti-MMT: The Errors of Modern Monetary Theory: https://mises.org/HAP566a The Charts Used in this Episode: https://mises.org/HAP566b

0:00 The setup 3:04 Kelton’s “red ink, black ink” 6:07 Sectoral balances explained 10:41 It’s only financial assets 16:44 The gangster analogy 28:06 The chart isn’t about money creation 33:25 Merging the Treasury and the Fed 40:15 “No money without deficits”? 44:48 Where dollars really came from 53:12 You can’t rescue the chart

This post was automatically imported by OratioRepostBot.