#64 John T Harvey: Exchange Rate Theory - Is It As Horrifically Boring As It Sounds? (presentation)
The MMT Podcast with Patricia Pino & Christian Reilly
00:00
Currency Connections and Competitive Dynamics
This chapter explores the intricacies of foreign exchange rates, post-Keynesian theory, and the implications of Modern Monetary Theory (MMT) on global currencies. It discusses the U.S. dollar's role as a world reserve currency and compares American competitiveness with China, focusing on labor costs and environmental standards. The conversation also touches on capital controls and the significance of long-term investments in stabilizing financial markets, while honoring a key figure from the MMT community.
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