Colin Drumm on Misconceptions about Medieval Society and Modern Money
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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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