Unraveling the Mysteries of Modern Monetary Theory with Warren Mosler

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Understanding Modern Monetary Theory with Warren Mosler

In this in-depth discussion, we welcome Warren Mosler, renowned economist and originator of Modern Monetary Theory (MMT). Mosler offers insights into MMT's roots, drawing contrasts with classical economics, especially regarding fixed versus floating exchange rates. He elaborates on the implications of MMT for government spending, inflation, and monetary policy. The conversation covers the impact of interest rates on inflation, the role of MMT in framing economic policy debates, and practical applications of MMT concepts. Mosler also addresses misconceptions about QE, the potential for MMT to address economic disparities, and the practical limits of government debt. This episode aims to provide a comprehensive understanding of MMT and its transformative potential in modern economics.

00:00 Introduction to Duration Bids
00:43 Welcoming Warren Mosler
03:00 Understanding Modern Monetary Theory (MMT)
03:35 Fixed vs. Floating Exchange Rates
05:03 Historical Examples of Currency Crises
06:24 The Concept of Neutral Rates
10:00 Government Spending and Taxation
18:36 Impact of Quantitative Easing
34:36 Government Debt and Inflation
47:15 Questioning the Innocence of Financial Misunderstandings
47:38 The Controversial Idea of Reducing Interest Rates to Combat Inflation
48:09 Historical Perspectives on Interest Rates and Inflation
48:35 Debating the Job Guarantee and Deficit Spending
49:19 The Impact of Debt to GDP on Economic Policies
51:50 Inflation Indicators and Their Measurement
53:33 Gold Standard vs. Floating Exchange Rates
56:18 The Role of Interest Rates in Inflation and Economic Stability
01:06:40 Government Spending and Economic Compliance Costs
01:12:24 The Influence of Interest Rates on Real Estate and Wages
01:19:52 Global Perspectives on Economic Policies
01:23:37 Concluding Thoughts and Investment Views

This is "ReSolve's Riffs" – published on YouTube Friday afternoon to debate the most relevant investment topics of the day, hosted by Adam Butler, Mike Philbrick, and Rodrigo Gordillo of ReSolve Global* and Richard Laterman of ReSolve Asset Management Inc.
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Mosler is amazing. One of the only people who truly understands how the monetary system works

Trenton.D
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I've watched many Mosler talks, but was fascinating since seems a slightly different angle he started with.

cptfinch