The chapter explores the concept of Modern Monetary Theory (MMT) and its impact on the economy, discussing issues like inflation, trade surpluses, and energy sources. It highlights the challenges faced by countries implementing MMT and the importance of balancing demand and supply sides. The speaker emphasizes the need to consider international trade and domestic production in economic policies.
On this episode, Nate is joined by financial analyst Michael Every to discuss global macro trends in economics, politics, and social movements. By taking a wide-view lens of current events, we can better see how seemingly isolated events interconnect and what mainstream economic theories tend to miss. What do rising political tensions and dissatisfaction around the globe amidst increasing GDP tell us about the accuracy of our economic measures? How much are geopolitical conflicts and supply chain disruptions contributing to current inflationary pressures? And what can we learn from current economic models as we steer towards a new system with lower energy throughput in a multipolar world?
About Michael Every:
Michael Every is Global Strategist at Rabobank Singapore analyzing major developments and key thematic trends, especially on the intersection of geopolitics, economics, and markets. He is frequently published and quoted in financial media, is a regular conference keynote speaker, and was invited to present to the 2022 G-20 on the current global crisis. Michael has lived and worked in 9 countries and been in the industry for nearly 25 years, with previous roles at Silk Road Associates, the Royal Bank of Canada, and Dun & Bradstreet. He holds a BA from Lancaster University, and a master’s degree from University College London.
Watch on YouTube: https://youtu.be/F_DhZaVoflA
More info, and show notes: https://www.thegreatsimplification.com/episode/118-michael-every