Ep. 149 George Selgin Critiques MMT and Debates Murphy on Free Banking
Monetary economist George Selgin agrees with Bob on the flaws with MMT, but then the two continue their debate (started at the Soho Forum) on fractional reserve free banking. The episode also includes George’s background and thoughts on Bitcoin. Mentioned in the Episode and Other Links of Interest: The YouTube version of this interview. George’s monograph…
Ep. 136 MMT Follow-up: A Framework for Money, Inflation, and Debt
As a follow-up to his discussion on MMT with Rohan Grey (in ep. 130), Bob goes solo to explain the basic cash balance framework for thinking about money, inflation, and debt. Specifically, Bob will explain why he thinks it’s far more important to know how the government finances a deficit rather than knowing what it spends…
Ep. 130 Rohan Grey Does a Deep Dive on Legality and Theory of MMT and Trillion Dollar Platinum Coin
In a very comprehensive discussion, Bob talks with Rohan Grey, Assistant Prof. of Law at Willamette University. Rohan is an expert on the history of US fiscal and monetary legislation, as well as Modern Monetary Theory (MMT). Mentioned in the Episode and Other Links of Interest: The YouTube version of this interview. Rohan Grey’s CV,…
Ep. 128 Bob Murphy Reviews Stephanie Kelton’s New Book on MMT
Bob wrote a lengthy review of Stephanie Kelton’s new book on MMT, The Deficit Myth, for the Mises Institute. In this episode he narrates his review. Mentioned in the Episode and Other Links of Interest: Bob’s original book review at Mises.org. Kelton’s book, The Deficit Myth. #CommissionsEarned (As an Amazon Associate I earn from qualifying purchases.) Bob’s older critique…
Ep. 117 Refuting Some Economics Fallacies Related to the Corona Crisis
Bob tackles some Keynesian / MMT fallacies that have resurfaced in light of the response to the coronavirus. In particular, he responds to Larry Summers who viewed the lockdown as being akin to workers staying home over the weekend, and then to Neil Irwin on Twitter, who approvingly retweeted a thread arguing that it was…