True Economics Applied in the Real World
Monetary economics covers market events and phenomena that are mostly related to changes in the supply or the nature of the medium of exchange, money. In particular it deals with the effects of a government imposed fiat money versus a money that has prevailed on the free market.
Dylan and Nima discuss a listener’s questions and comment about Modern Monetary Theory (MMT).
Sources:
Empiricism Shatters The Barter Theory of Money (https://www.economicsjunkie.com/empiricism-shatters-barter-theory-money/)
Private Debt To Income (https://fred.stlouisfed.org/graph/?graph_id=347240)
Corporate Profits (https://fred.stlouisfed.org/graph/?graph_id=344834)
Nima discusses an article by Cullen Roche on PragCap.com about the Federal Reserve, Quantitiative Easing (QE), interest rates, consumer price inflation, and asset price inflation (assflation).
Source:
Let’s Talk About QE and Assflation (https://www.pragcap.com/lets-talk-qe-asset-price-inflation/)
Nima and Dylan discuss Hyman Minsky’s views on banking and financial instability.
Source:
Why Minsky Matters (https://press.princeton.edu/titles/10575.html)
Dylan and Nima discuss MMT with Styxhexenhammer666.
Video: www.youtube.com/watch?v=GVew302o45I
Sources:
How Government Budget Surpluses Can Cause Economic Depressions
(www.economicsjunkie.com/government-budget-surpluses-can-cause-economic-depressions/)
Nima and Dylan discuss criticisms of MMT.
Sources:
MMT: A Rebuttal To The Theory & It’s Primary Stances (https://think-liberty.com/opinion/mmt-challenged/)
Debt: The First 5,000 Years (https://www.amazon.com/Debt-First-5-000-Years/dp/1612191290)
Tragedy & Hope (https://www.infowarsstore.com/infowars-media/books/tragedy-hope.html)
