In Episode 2 Nima of EconomicsJunkie.com and Dylan of the Volitional Science Network discuss Modern Monetary Theory (MMT), in particular the so called Federal Job Guarantee. Topics discussed: What is unemployment? Does the state have a responsibility to address it? Can such a program work in a libertarian small government? And who’s going to pay for it all?
Modern Money Theory: A Primer on Macroeconomics for Sovereign Monetary Systems, by L. Randall Wray (https://www.amazon.com/Modern-Money-Theory-Macroeconomics-Sovereign/dp/0230368891)
Debt: The First 5,000 Years, by David Graeber (https://www.amazon.com/Debt-First-5-000-Years/dp/1612191290)
How Government Budget Surpluses Can Cause Economic Depressions (https://www.economicsjunkie.com/government-budget-surpluses-can-cause-economic-depressions/)
In our first episode of the new weekly Amagi podcast on the Think Liberty network, Dylan and Nima discuss common libertarian myths and misconceptions about the economic system.
I had a great conversation with Dylan and Vinnie on the Think Liberty podcast. We talked about MMT, cryptocurrency, anarchism, government, and DUNE. You are literally insane if you don’t listen to this great convo!
Dylan Lawrence Moore of the Volitional Science Network and Nima Mahdjour of EconomicsJunkie.com discuss the “Bitcoin Bubble” and why bitcoin, or any cryptocurrency, has any value.
What is the value of bitcoin and cryptocurrency? What gives it that value?
Is bitcoin an actual currency? Viewed from the lens of Modern Monetary Theory.
A rebuttal to “Why the US Dollar Will Collapse” with Mike Maloney interviewed by Stefan Molyneux on Freedomain Radio. Mike and Stef cover various economic issues from a classical/Austrian viewpoint of economics which all draw the same conclusion: the US dollar is going to collapse SOON.
Watch their video here.
Dylan Moore of the Volitional Science Network and Nima Mahjour of economicsjunkie.com provide evidence to rebut many of the points brought up in the video:
1. Why the Federal Reserve is NOT a private bank
2. Why the Fed DOES NOT “print money”
3. Why interest rates are not a useful metric for predicting economic stability
4. Why the Fed can only “push” interest rates UP, not down
5. The myth of fractional reserve banking
6. The myth of the barter theory of money
7. Why the Fed is not causing inflation
8. Why the evidence points to US dollar NOT CRASHING