Ep. 472 Pontus Rendahl on His Failed Outreach to Heterodox Economists
Pontus Rendahl is a neoclassically trained economist who spent a decade at the University of Cambridge, which has a long tradition of hosting heterodox economics. He made good-faith efforts to interact with these outsiders but reports that the attempt bore little fruit. Mentioned in the Episode and Other Links of Interest: The YouTube version of this interview. The…
Ep. 418 Steve Keen Sides With MAGA over MMT on Trade Deficits
Steve Keen is an iconoclast economist who is sympathetic to MMT claims that right-wingers worry too much about government budget deficits. However, in a recent post Keen says that Trump Admin economists (such as Stephen Miran) make more sense on trade deficits than Warren Mosler does. Mentioned in the Episode and Other Links of Interest:…
Ep. 299 Bob Murphy Critiques 3 MMT Talking Points
Bob goes solo to explain and critique three popular arguments put forward by the leaders of Modern Monetary Theory (MMT). Mentioned in the Episode and Other Links of Interest: Phil Labonte’s reaction to Nina Turner. A Murphy Medium post showcasing Kelton’s claim about checking vs. savings accounts. Bob’s review of Kelton’s book, The Deficit Myth.…
Ep. 291 Douglas Robert Uses MMT to Challenge Bob’s Recession Call
Douglas Robert is a recovering Austrian who subscribes to the MMT framework as being the most useful for trading. He has a friendly debate with Bob over the inverted yield curve and whether a recession is at hand. Mentioned in the Episode and Other Links of Interest: The YouTube version of this interview. Douglas Robert’s…
Ep. 280 The Theory and History Needed to Refute Keynesianism and MMT
As a sequel to a recent Human Action podcast episode where Bob critiques a Warren Mosler interview, Bob here goes deeper into the analysis of how an economy can continue growing even if the government eliminates its budget deficit. Bob relies on both theory and history, citing in particular the fiscal turnaround of Canada in…