Sam Levey: Krugman, Bond Markets & BS Jobs

Global Institute for Sustainable Proeperity – GISP has the podcast #105 Sam Levey: Krugman, Bond Markets & BS Jobs.

Patricia and Christian talk to MMT scholar and Deficit Owl Sam Levey about recent press coverage of MMT and the late David Graeber’s Bulls**t Jobs.

Even I learned some nuances about MMT. There is one problematic issue that stood out for me. Sam claimed an algebraic formula where the variable C appears on both sides of the equation. I know I have debunked this before because the C on each side of the equation does not stand for the same thing, and cannot be cancelled out. I think I wrote about how the correct equation could be written when Joe Firestone made a similar mistake. I can’t find this previous article anywhere on my blog.

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