The Gower Initiative for Modern Money Studies posted a transcript of the introduction and a link to the Bloomberg episode This Is How MMT Applies To Emerging Markets (Podcast).

“In discussions about Modern Monetary Theory (MMT) you often hear that while it may be true that the U.S. has the space to expand its deficits significantly, that it doesn’t apply to emerging markets. On this week’s episode of the Odd Lots podcast, we speak to Fadhel Kaboub, a professor of economics at Denison University, who examines emerging markets through the MMT lens. While it’s true that emerging markets don’t have the same kind of fiscal capacity as nations like the U.S., Canada, and Australia, the theory still offers insights into how EMs can pursue development policies that are different from the mainstream prescriptions”…..and the U.K.

Excellent podcast. As a follower of MMT, I learned how to apply it to emerging markets in ways I would never have figured out for myself. In some ways it is frustrating to hear these interviews conducted by people who do not understand MMT. However, the only way for MMT to progress is for the experts to explain it to the non-experts, which was done in an excellent fashion in this podcast. If you are not an MMT expert, then this podcast may be just what you need.