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.
Nima and Dylan discuss more FEE MMT criticisms.
Sources:
Modern Monetary Theory: Debunking the Latest Incarnation of Government’s Magic Money Tree (https://fee.org/articles/modern-monetary-theory-debunking-the-latest-incarnation-of-government-s-magic-money-tree/)
Modern Monetary Theory and the Unspoken Effects of Inflation (https://fee.org/articles/modern-monetary-theory-and-the-unspoken-effects-of-inflation/)
Dylan and Nima discuss the good, the bad, and the ugly of MMT criticisms.
Sources:
Modern Monetary Theory Is Not Grounded in Economic Reality (https://fee.org/articles/modern-monetary-theory-is-not-grounded-in-economic-reality/?utm_source=zapier&utm&fbclid=IwAR28O2F6e4YZJzalUuDIDzXGwnohF8nkELcT-l0SkCQShBD07SeWFKN9_y8)
U6 Unemployment Rate (https://www.macrotrends.net/1377/u6-unemployment-rate)
MMT’s True Colors Appear (https://www.pragcap.com/mmts-true-colors-appear/)
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/)
