Conversation

https://overcast.fm/+nh1BkaZZ4 is a wonderfully clear walk through of Modern Monetary Theory from Steven Hail, interviewed by @PlanetCritical.

It embeds MMT within ecological economics more clearly than my previous exposure to the theory.

Key takeaways:

1. Your (sovereign currency) government doesn’t need your money; it needs you to need its money.

2. A currency-issuing government with low foreign-currency-denominated debt can *always* afford anything that *it has the resources to produce*