Modern Money Australia aims to promote a better understanding of macroeconomics as described by Modern Monetary Theory (MMT). 

We aim to show that the policy space afforded by our monetary system for social and environmental justice, while not unlimited, is nevertheless very much greater than the limits imposed by those who subscribe to classical macroeconomics.

Webinars

Sunday 16 August 2020 at 11am AEST

Here’s a treat. We have Prof John Harvey aka the Cowboy Economist on Exchange Rate Theory: Is it as Horrifically Boring as it Sounds? (And if you are at all familiar with the Cowboy Economist, you know it just won’t be!)

Horrifically boring? Of course not! Exchange rates are exotic and the rise and fall of currencies can be swift, dramatic, and even catastrophic. Because the market is so volatile, those who trade foreign currency view themselves as a special breed, set apart from their colleagues dealing in such pedestrian areas as stocks and bonds. It is the largest market on the planet and it never closes. More….

What is Modern Monetary Theory?

Modern Monetary Theory has been developed over the past thirty years. There is an enormous amount of literature, both academic and popular, to back it up. Here are the three main assertions (taken from Dr Steven Hail’s article, Explainer: What is Modern Monetary Theory? in The Conversation 31 January 2017).Martin Watts11John Harvey aka