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Absolutely Agreed. One of the MMT founders ( Randal Wray) was a student of Minsky who himself was very anti-finance. My understanding is Steve Keen has changed
by bubbleRefuge 14y ago
Absolutely Agreed. One of the MMT founders ( Randal Wray) was a student of Minsky who himself was very anti-finance.
My understanding is Steve Keen has changed some of his views based upon MMT literature. In these Video's you've got Steve Keen and MMT professors in the same room presenting to each other.
On point 6) the government has statutory control of the banks. Its just that the banks have captured the government.
War-hawk generals getting control of our foreign policy would be the analog.
edit: video of steve keen with MMT profs
http://www.youtube.com/results?search_query=steve+keen+scott+fullwiler&oq=Steve+Keen+Scott+Fullw&gs_l=youtube.3.0.33i21.13262.24725.0.26763.24.24.0.0.0.0.114.1379.22j2.24.0...0.0...1ac.1.qFHZ6ZsubnM http://www.youtube.com/results?search_query=steve+keen+scott...