Understanding Modern Monetary Theory and Job Guarantees

Christian and Patricia talk to research scholar Sam Levey about endogenous and exogenous theories of money creation. Do commercial banks control the money supply, or does the government control money creation? Sam talks about how the MMT lens resolves these contending perspectives.

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

L. Randall Wray on endogenous money: https://www.youtube.com/watch?v=-O5BJSv3btU

Information on Christian’s live MMT show at the Edinburgh festival 2020: https://christreilly.com/edfringe/