Stephanie Kelton: Modern Monetary Theory’s Take on Fiscal Policy


CFS Institute European Investment Conference 2019 has the video Stephanie Kelton: Modern Monetary Theory’s Take on Fiscal Policy.


Please listen to this description. If you think you see anything here that is wrong, just ask. I think I can set you straight. It is hard to argue that MMT (Modern Money Theory) is not a true description of how money works. MMT just let’s you see what you can do and what the consequences will be. It does not tell you what choices you have to make. If you are willing to take the consequences of your actions, then you can do anything you want. If you don’t like the consequences, then you are not free to make those choices.

My Facebook post is the best place to carry on a conversation about this.

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