Written by John Lounsbury
This week Steve Keen and Warren Mosler discuss and debate MMT (Modern Monetary Theory) on a program moderated by Steve Grumbine. The two have no disagreements about the fundamental definitions of MMT. But as soon as they start talking about trade (very early in the program) significant differences are apparent.
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There are some technical difficulites with the recording. This has caused us to not use the video for Documentary of the Week prior to now. But the technical merits of the debate far outweigh the technical deficiencies with the media, so we are finally presenting this here.
Bios for each of the debaters are available at Wikipedia: Steve Keen and Warren Mosler.
Following this program Steve wrote an essay: Some Preliminary Questions For MMT. This essay includes some additional related links.
Source: YouTube
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