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Retired civil engineer, Ray Maxwell, was hearing some pretty strange things coming out of MMT. So he took a good look into Modern Monetary Theory. Ray emerged with a one-page answer to "what is MMT", along with some fightin' words:austerity is murder (what's more, murder committed by our government)a job guarantee is essential to a civilised societyapplying the insights of MMT to address global warming is the only future we haveHow does Ray justify these massive claims? Trigger warning, some discussion of suicide. Please use discretion when listening. Show NotesMacro N Cheese (podcast hosted by Steve Grumbine) The Deficit Myth (book)by Stefanie Kelton Corporate Welfare Abounds (blogpost)by Professor Bill Mitchell (economist) MMT predicts well – Groupthink in action (blogpost)by Professor Bill Mitchell (economist) Warren Mosler: The Financial Sector - A Cost-Benefit AnalysisMMT Podcast with Patricia Pino & Christian Reilly Theme MusicPleading Ignorance, by Ed Kuepper, from the album Starstruck. Additional AudioToo Many Things, by Ed Kuepper, from the album Starstruck.
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