Modern Money Library – Videos
Library – Videos
Library- Videos
Click the heading or the URL to watch the video:
Marrying the Basic Income with the Job Guarantee
YouTube - 2017
Pavlina Tcherneva on the Universal Basic Income and Job Guarantee and marrying the two proposals.
https://youtu.be/i3EPA5D80ocMMT: Inflation Is The Constraint To Government Deficits
YouTube - 2016
Professor Stephanie Kelton (UMKC and economic adviser to Bernie Sanders) discussing what the limit is on how much a currency-issuing government can spend. The limit is not "running out of money," or "investor confidence in ability to pay back debt." The government cannot run out of the currency it issues, and it can never be forced to default on its debt (which it doesn't even need to issue).
https://www.youtube.com/watch?v=fMe_aE4VxlQ&feature=youtu.beModern Monetary Theory explained by Stephanie Kelton
CNBC video - 2019
Modern Monetary Theory (MMT) is gaining traction in American politics, energizing the progressive left and roiling deficit hawks. Stephanie Kelton, who advised Bernie Sanders’ 2016 presidential campaign, explains the basics.
https://www.cnbc.com/video/2019/03/01/stephanie-kelton-explains-modern-monetary-theory.htmlPresidential Lecture Series: Stephanie Kelton
YouTube video - 2018
Prof Stephanie Kelton outlines the fundamentals of Modern Montetary Theory in her Presidential Address at her University (Stony Brook University, NY).
https://youtu.be/WS9nP-BKa3MSovereign Currency Governments Should Stop Selling Bonds
YouTube - 2016
Professor L. Randall Wray discussing how bond sales work with a currency-issuing government with a floating exchange rate. Because the government can issue currency (and indeed must every time it spends) there is no need to issue debt in order to spend.
https://youtu.be/je-1eTl6J0gSteven Hail’s presentation on modern money and the “budget emergency”
YouTube Video - 2014
An excellent presentation by Dr Steven Hail from Adelaide University on all the basics of how modern money actually works.
https://youtu.be/qBpm5sVmGYcThere is nothing to prevent the government from creating as much money as it wants
YouTube video - 2014
Alan Greenspan, Chair of the US Federal Reserve 1987-2006 in an exchange with Paul Ryan at the Committee on the Budget, House of Representatives, March 2, 2005.
https://youtu.be/DNCZHAQnfGUWhy Do Governments That Issue Their Own Currency Bother To Sell Bonds?
YouTube - 2016
Professor L. Randall Wray on why a government with a sovereign non-convertible currency might choose to issue bonds. Bond sales are not a borrowing operation for the state.
https://youtu.be/pex89N9OqogChallenging The Dominance of Monetary Policy: An MMT Perspective
Dr Martin Watts is an Emeritus Professor of Economics at the University of Newcastle and is a research associate at the Centre of Full Employment and Equity (CofFEE). He previously spent 16 years as a Lecturer/Senior Lecturer at Monash University and has published 16 book chapters and over 60 refereed journal articles, of which 30 are in international refereed journals.
Degrowth and Full Employment — an MMT Perspective
In this advanced discussion using the MMT lens, Dr James Juniper focuses on resolving what appears to be a dichotomy between notions of Steady-State or Degrowth, on one hand, and the pursuit of full employment by advocates of MMT, on the other hand.
Dr Juniper has worked for the Bureau of Industry Economics, SA Department of State Development and Technology, SA Department of Industry, Trade and Technology and United Trades and Labor Council (SA) and is a Conjoint Lecturer at the University of Newcastle Business School.
Explaining the Crucial Policy Role of National Governments
Dr Juniper, an Associate of the Centre of Full Employment and Equity and conjoint lecturer of the University of Newcastle discussing the real world effects of our successive governments' obsession with achieving budget surpluses. From the GFC, to the current climate emergency, showing the impact of the 'deficits are bad/surpluses are good' narrative, which underpins the prevailing, neoliberal, mainstream economic thinking.
https://youtu.be/rDJYuj9kRq4
Full employment, the ‘Right to Work’ and the Job Guarantee
Dr. Victor Quirk discusses the history of full employment and the 'Right to Work' (as outlined in Article 23.1 of the UN 'Universal Declaration of Human Rights') both in Australia and across the world.
What follows is a discussion on how the 'Job Guarantee' (JG), as outlined in the Modern Monetary Theory (MMT) framework, can satisfy that human right, what the implementation challenges of the JG are and how might they be addressed in the Australian context.
Dr. Victor Quirk is a labour market political sociologist, university lecturer and research associate at the 'Centre of Full Employment and Equity' (CofFEE) with a background in community sector management and specialist employment counselling.