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17min chapter
Colin Drumm on Misconceptions about Medieval Society and Modern Money
Varn Vlog
Evolution of Modern Monetary Theory
The chapter traces the history and evolution of Modern Monetary Theory (MMT) from its roots in figures like Minsky, post Keynesians, and neo-chartalists. It discusses the distinctions between state theory and credit theory, highlighting how combining these theories can help stabilize an unstable economy. The conversation also reflects on the influences of historical schools like the German historical school and their disassociation with the neo-chartalist world.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode