Mark Blyth on MMT: https://youtu.be/2ONGvkAoOI0?t=1550 https://youtu.be/2ONGvkAoOI0?t=1550 - it only applies to the US - depends on having a hegemonic curren

Mark Blyth on MMT: https://youtu.be/2ONGvkAoOI0?t=1550 https://youtu.be/2ONGvkAoOI0?t=1550 - it only applies to the US - depends on having a hegemonic currency (i.e. everyone else earns in your currency and has to convert it, so that you can run a deficit and others supply the capital to fill it) - contingent on control of the house, senate, and presidency, for about 3 terms in a row, to do all the things you want to do (in the MMT program) - though sure, we could spend more on stuff we care about; we're not at "capacity" yet. - you've already got a bond market in the US... why do do we need to re-invent everything in the world when the bond market allows you to already do it? - hardly any other country actually sets their own monetary policy because the dollar is so dominant. When the fed goes up or down, it's effect is global. - since every country has to import, if you print a lot of money, you'll get inflation through exchange rates & the import channel Haven't listened to this one yet: https://youtu.be/NfKiW0Gfn04 https://youtu.be/NfKiW0Gfn04