What is modern monetary theory?

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I did a talk last night on MMT for a wide range of Scottish people with shared environmental concerns. It struck me how little most knew if modern monetary theory, so I am sharing this video again in case any of them turn up here today.

 

This blog post adds more information.

I admit there is one other reason for reposting an older video today. That is that my video producer, Mark Cooney, got a cancer diagnosis yesterday. As they go there are many worse such diagnoses than the one he got, but understandably this may impact video production over the next weeks. Please bear with us.