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.

MMT: 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).

Modern 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.

Presidential 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).

Sovereign 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.

Steven 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.

There 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.

Why 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.