Understanding Socialism: Little S vs Big S and Public Services

In last week’s conversation with Christian, professor of Economics John T. Harvey laid out an easy to follow, step-by-step, jargon-free way to understand macroeconomics. This week John addresses some of the pushback Modern Monetary Theory has been receiving from mainstream commentators, and talks about using metaphors, stories and historical examples to illustrate his insights. John also introduces us to his creation, The Cowboy Economist.

Please help sustain this podcast by donating to our Patreon! Patrons get early access to our episodes: https://www.patreon.com/MMTpodcast 

Read John’s article - “MMT: Sense Or Nonsense?”: https://www.forbes.com/sites/johntharvey/2019/03/05/mmt-sense-or-nonsense/#4c573f258527

Check out John’s Cowboy Economist channel: https://www.youtube.com/channel/UCL9PHjlPQ5wq0CD6vAibxYg