I am debating modern monetary theory with Steve Keen and others on YouTube tomorrow (Saturday, 29 April) at 5pm.
As far as I can work out you just join here at the right time. See you there.
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Hopefully that’s a date!
I won’t be able to follow that in real time; will it be recorded and available later? Perhaps this always happens with Youtube livestream, if so please forgive my naivety.
It will be available afterwards
Looking forward to this a great deal. Two guys I listen to a lot and often agree with.
My only fear is style and presentation. I listen to Keen’s podcasts with Phil Dobbie and after a while the style goes from informative to slightly grating. Ok Steve, we know you dont like neoclassical economists and you have had a tough time at unis, but can you stay on message please? And that’s before the new male menopause clothing collection that is being modelled on the latest video clips on LinkedIn.
You both have combative styles and use colourful and often aggressive language and tone. But I hope that his does not detract from the important message that you need to give. Remember 99% of the population are not stupid fascists, they simply have been taught badly. It’s not their fault.
They need non-controversial and clear explanations of how the modern monetary system works. Kelton comes closest in terms of the correct style to get this message across. Both Mitchell and Keen could learn from here, or perhaps you can both lead the way tomorrow.
Either way, I will be listening…thanks for the link.
I am certainly not planning fashion shows
Or aggression – which I don’t think I do. I accept robustness
Keen has outsourced his marketing and social media presence. Personally I think it’s a mistake. His podcasts remain a weekly constant on dog walks though.
Ditto his minsky work. I agree 99% with what he is doing but even I have to read it several times! The presentation is awful.
I guess the polite way of putting things is, “ neither of you suffer fools gladly”
I admit I do not like Steve’s marketing
And the design of this youtube site is poor
But I follow the content
In the diary – look forward to it.
This article from the LRB tells you who Alan Blinder is.
https://www.lrb.co.uk/the-paper/v45/n08/geoff-mann/keynesian-in-a-foxhole
Highly recommended article on the Keynes vs Monetarists battle.
The monetarists having had their models trashed became advocates of the rational expectations theory instead.
https://www.investopedia.com/terms/r/rationaltheoryofexpectations.asp
Mann describes it as politics posturing as science.
The biggest problem these people have is that their models all failed to predict the 2008 crash.
Thanks