Remarks
Modern Monetary Theory Goes Global
Randall Wray, in a Bloomberg Businessweek video interview, says MMT is catching on outside the U.S.
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Cristina Lindblad and I did a video webcast yesterday (July 25) with Modern Monetary Theory economist Randall Wray as part of the BW Talks series. Here’s a link.
I thought I knew a lot about MMT, but Wray told us two things that came as a surprise. One is that tax-cut enthusiast Arthur Laffer, of all people, was instrumental in launching MMT by making a timely introduction. Turns out this is not breaking news. The Nation, for one, wrote about it in 2017: