Modern Monetary Theory and the Profit Equation
Featuring Michael Green and Srinivas Thiruvadanthai
Published on: March 19th, 2019 • Duration: 56 minutesIn this timely and high-level conversation, Srinivas Thiruvadanthai, the director of research at the Jerome Levy Forecasting Center, speaks with Michael Green of Thiel Macro to discuss the fiscal and monetary outlook. Thiruvadanthai explains how he uses the economic thinking of Michal Kalecki and Hyman Minsky, as well as modern monetary theory, to forecast corporate profits. He also expounds on why demographic factors are driving inflation down and forcing the Fed to react, with severe consequences for asset prices and wages. Filmed in February 27, 2019 in New York.