Theory vs. Practice: The Father of MMT on Policy, Profits, and Politics

Published on
June 14th, 2019
Duration
57 minutes


Theory vs. Practice: The Father of MMT on Policy, Profits, and Politics

The Interview ·
Featuring Warren Mosler

Published on: June 14th, 2019 • Duration: 57 minutes

Modern Monetary Theory has become a hot topic of discussion. But is it well understood? In this interview with Real Vision’s Ed Harrison, Warren Mosler, the founder of MMT, describes exactly what Modern Monetary Theory is, and how the framework can be utilized. Particularly interesting is Mosler’s ambivalence about the political furor enveloping MMT. He sees the economic framework as more descriptive of monetary operations than prescriptive of policy. Mosler also outlines why MMT’s operational bent made it attractive to finance professionals long before it became a politically-charged debate among academic economists and politicians. Filmed on May 29, 2019 in New York.

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