The MMT Podcast with Patricia Pino & Christian Reilly cover image

#7 Steven Hail: Inflation, Price Shocks And Other Misunderstandings

The MMT Podcast with Patricia Pino & Christian Reilly

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Understanding Hard vs. Soft Economics in Modern Monetary Theory

This chapter explores the differences between hard and soft economics, criticizing traditional models for their unrealistic assumptions. It advocates for grounded economic frameworks that reflect human behavior and align with modern monetary theory for more effective policy-making.

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