Nima and Dylan discuss cryptocurrencies and other private currency concepts, and whether or not those are consistent with Modern Monetary Theory (MMT).
How the Fiat Money System Can Explain Bitcoin’s Value (https://beinglibertarian.com/fiat-money-system-can-explain-bitcoins-value/)
Empiricism Shatters the Barter Theory of Money (https://www.economicsjunkie.com/empiricism-shatters-barter-theory-money/)
Nima and Dylan discuss the sectoral balance equation and how it helps us explain Eurozone troubles.
Sectoral balanced and private saving: https://www.economicsjunkie.com/sectoral-balances-and-private-saving/
Sectoral balances in Europe: https://econoblog101.wordpress.com/2016/07/14/sectoral-balances-of-the-eurozone/
Sectoral balances overview: https://en.wikipedia.org/wiki/Sectoral_balances
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.