MMT & The Crisis Response to Coronavirus

Chapter 3 of Nouriel Roubini's interview with Ash Bennington: GREAT RECESSION OR GREATER DEPRESSION?

Has Modern Monetary Theory — once an idea popular only among leftwing academic economists — gone mainstream? Famed economist Dr. Nouriel Roubini believes that MMT has now finally crossed into the mainstream. Against a backdrop of a plunging economic activity, recession, deflation, and collapse of the velocity of money, MMT may offer a ray of hope where other policies have failed. Roubini also unpacks the specific mechanisms by which The Federal and U.S. Treasury might coordinate their policy actions to attempt to moderate this recession. Real Vision’s Ash Bennington hosts this conversation about MMT with Dr. Roubini.