Uploaded October 2020 | Updated September 2026, 1 week ago
Our governments can’t get the economy right because they don’t understand it and we can prove it. In 2007 the theory and modelling governments and economists use, all over the world, said the economy was doing fine; it was only going to go up, and a crash couldn’t happen. Then a crash happened. We call it the Global Financial Crisis. The suffering it caused was immense and still goes on today. No one saw it coming.
Except some people did. The crash was predicted by MMT economists and we can use their ideas to predict, and avoid future crashes.
Come discuss this with us on
Twitter twitter.com/PEGSInstitute
Instagram instagram.com/pegsinstitute
Facebook facebook.com/PEGSInstitute
Watch on Odysee odysee.com/@PEGSInstitute:c
Support us on Patreon patreon.com/PEGSInstitute
Sources:
No one saw this coming. Understanding financial crisis through accounting models - Dirk Bezemer https://www.rug.nl/research/portal/files/2646456/09002_Bezemer.pdf
Can Goldilocks Survive? - Wynne Godley and L. Randall Wray (1999) levyinstitute.org/pubs/pn99_4.pdf
Modern Money Theory for Beginners - L. Randall Wray youtube.com/watch?v=E5JTn7GS4oA
Credits
Written by Andrew Johnson and Jackson Winter
Spoken by Andrew Johnson
Edited by Jackson Winter
Icons made by MD Badsha Meah, www.wishforge.games, icon king1, Free Preloaders, Raj Dev from freeicons.io
Tank icon by Freepik from flaticon.com
All other graphics created by Jackson Winter
Music
Heaven and Hell by Jeremy Blake
Our governments can’t get the economy right because they don’t understand it and we can prove it. In 2007 the theory and modelling governments and economists use, all over the world, said the economy was doing fine; it was only going to go up, and a crash couldn’t happen. Then a crash happened. We call it the Global Financial Crisis. The suffering it caused was immense and still goes on today. No one saw it coming.
Except some people did. The crash was predicted by MMT economists and we can use their ideas to predict, and avoid future crashes.
Come discuss this with us on
Twitter twitter.com/PEGSInstitute
Instagram instagram.com/pegsinstitute
Facebook facebook.com/PEGSInstitute
Watch on Odysee odysee.com/@PEGSInstitute:c
Support us on Patreon patreon.com/PEGSInstitute
Sources:
No one saw this coming. Understanding financial crisis through accounting models - Dirk Bezemer https://www.rug.nl/research/portal/files/2646456/09002_Bezemer.pdf
Can Goldilocks Survive? - Wynne Godley and L. Randall Wray (1999) levyinstitute.org/pubs/pn99_4.pdf
Modern Money Theory for Beginners - L. Randall Wray youtube.com/watch?v=E5JTn7GS4oA
Credits
Written by Andrew Johnson and Jackson Winter
Spoken by Andrew Johnson
Edited by Jackson Winter
Icons made by MD Badsha Meah, www.wishforge.games, icon king1, Free Preloaders, Raj Dev from freeicons.io
Tank icon by Freepik from flaticon.com
All other graphics created by Jackson Winter
Music
Heaven and Hell by Jeremy Blake
