
The Rise And Fall Of Monetary Policy - Ian Macfarlane
The Joe Walker Podcast
00:00
Modern Monetary Theory
It's a revival of an approach that, for example, we had in Australia back in the 15s and 60s and even the 70s. It's really based on the writings of a very quite influential economist called Abapie Lerner. He said that the job of the government was to ensure full employment and just put up with whatever debt came out as a result - which is exactly what modern monetary theory does.
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