Ep 7 The World of MMT with Professors Stephanie Kelton & Bill Mitchell 1

Two of the key developers of Modern Monetary Theory (MMT) talk about its past, present and future state. Stephanie Kelton defines the difference between deficit hawks & doves (a la Krugman) as the choice between austerity now or austerity later. Bill Mitchell explains how MMT applies to both large closed economies like the US and small open economies like Australia as well as countries that don’t issue their own currencies. Despite different histories & institutional structures, neoliberalism has spared no one in its devastating wake. Despite some local differences, the overarching progressive agenda is the same for all, and is impossible to achieve without MMT. Stephanie Kelton is a Professor of Economics & Policy at Stony Brook University and was a senior economics advisor to Bernie Sanders 2016 presidential campaign. @StephanieKelton on Twitter Bill Mitchell is a Professor of Economics at the University of Newcastle, Melbourne, Australia, and creator of the first blog devoted to MMT http://bilbo.economicoutlook.net/blog/ Real Progressives Please help our Real Progressives efforts and become a monthly donor! At PayPal http://paypal.me/RealProgressives/25 At Patreon   / realprogressives   Write for Real Progressives https://realprogressives.org/submit-a... Visit our website: https://realprogressives.org/ Listen to our podcast: https://realprogressives.org/macro-n-... Like our pages Follow us on Facebook:   / realprogressive   Subscribe to YouTube:    / realprogressi…   Subscribe to Rokfin: https://www.rokfin.com/RealProgressiv... Follow us on Periscope: https://www.periscope.tv/RealProgressUS/ Follow us on Twitter:   / realprogressus   Follow us on Instagram:   / realprogress…   Follow us on Reddit:   / realprogressives   Follow us on LinkedIn:   / real.  . #MMT #RealProgressives #LearnMMT #INSIST #EachOneTeachOne #ItsInOurHands #WeAreTheMedia #WeAreTheRevolution