Episode 21: Why the Government Will Never Run out of Money

We Read Theory

Mark and Alex embark on the perilous journey of attempting to talk about economics without boring everyone to death. In particular, the boys investigate Modern Monetary Theory, a radical and relatively new perspective on money and the state.

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Sources used in this episode

From the State Theory of Money to Modern Money Theory: An Alternative to Economic Orthodoxy, By L. Randall Wray

http://www.levyinstitute.org/pubs/wp_792.pdf

Understanding the Economic Fallacies of the Intergenerational Debate, by Bill Mitchel and Warren Mosler

http://billmitchell.org/publications/journals/J51_2006.pdf

My Response to a German Critic, by Bill Mitchel

Part 1: http://bilbo.economicoutlook.net/blog/?p=38964

Part 2: http://bilbo.economicoutlook.net/blog/?p=38992

Part 3: http://bilbo.economicoutlook.net/blog/?p=39022

A Skeptic’s Guide to Modern Monetary Theory, By N. Gregory Mankiw

https://scholar.harvard.edu/files/mankiw/files/skeptics_guide_to_modern_monetary_theory.pdf