L. Randall Wray MODERN MONEY: the way a sovereign currency works ModernMoneyNetwork 2024-10-23 | L. Randall Wray MODERN MONEY: the way a sovereign currency works
MMT Content Production and Publication | MMT Conference Day 13 ModernMoneyNetwork 2023-01-30 | Video recorded from Day Thirteen of the 4th Annual Modern Monetary Theory Conference (held April 8th - 28th 2022), documenting the panel discussing MMT Content Production and PublicationTwitter ► twitter.com/themmtnetwork#mmt #modernmoneytheory
Declarations of Dependence | MMT Conference Day 12 ModernMoneyNetwork 2023-01-30 | Video recorded from Day Twelve of the 4th Annual Modern Monetary Theory Conference (held April 8th - 28th 2022), documenting the panel discussing Declarations of DependenceTwitter ► twitter.com/themmtnetwork#mmt #modernmoneytheory
Monetary Sovereignty in Periphery Nations | MMT Conference Day 11 ModernMoneyNetwork 2023-01-30 | Video recorded from Day Eleven of the 4th Annual Modern Monetary Theory Conference (held April 8th - 28th 2022), documenting the panel discussing Monetary Sovereignty in Periphery Nations Twitter ► twitter.com/themmtnetwork#mmt #modernmoneytheory
MMT and Running for Office | MMT Conference Day 10 ModernMoneyNetwork 2023-01-30 | Video recorded from Day Ten of the 4th Annual Modern Monetary Theory Conference (held April 8th - 28th 2022), documenting featuring the panel discussing MMT and Running for OfficeTwitter ► twitter.com/themmtnetwork#mmt #modernmoneytheory
Defining an Agenda for the Future of Progressive Monetary Advocacy | MMT Conference Day 9 ModernMoneyNetwork 2023-01-30 | Video recorded from Day Nine of the 4th Annual Modern Monetary Theory Conference (held April 8th - 28th 2022), documenting featuring the panel discussing the Future of Progressive Monetary AdvocacyTwitter ► twitter.com/themmtnetwork#mmt #modernmoneytheory
Sustainability and a Post Growth Economy | MMT Conference Day 8 ModernMoneyNetwork 2023-01-30 | Video recorded from Day Eight of the 4th Annual Modern Monetary Theory Conference (held April 8th - 28th 2022), documenting featuring the panel discussing the Sustainability and a Post Growth EconomyTwitter ► twitter.com/themmtnetwork#mmt #modernmoneytheory
Public Banking and Local Government | MMT Conference Day 7 ModernMoneyNetwork 2023-01-30 | Video recorded from Day Seven of the 4th Annual Modern Monetary Theory Conference (held April 8th - 28th 2022), documenting featuring the panel discussing Local Government and Public BankingTwitter ► twitter.com/themmtnetwork#mmt #modernmoneytheory
The New Monetary Policy | MMT Conference Day 6 ModernMoneyNetwork 2023-01-30 | Video recorded from Day Six of the 4th Annual Modern Monetary Theory Conference (held April 8th - 28th 2022), documenting featuring the panel discussing Monetary Policy featuring Nathan TankusTwitter ► twitter.com/themmtnetwork#mmt #modernmoneytheory
Abolition and MMT | MMT Conference Day 5 ModernMoneyNetwork 2023-01-30 | Video recorded from Day Five of the 4th Annual Modern Monetary Theory Conference (held April 8th - 28th 2022), documenting featuring the panel discussing AbolitionTwitter ► twitter.com/themmtnetwork#mmt #modernmoneytheory
MMT and the Future of Financial Technology | MMT Conference Day 4 ModernMoneyNetwork 2023-01-30 | Video recorded from Day Four of the 4th Annual Modern Monetary Theory Conference (held April 8th - 28th 2022), documenting featuring the panel discussing the Future of Financial TechnologyTwitter ► twitter.com/themmtnetwork#mmt #modernmoneytheory
Social Provisioning and Movement Strategizing | MMT Conference Day 3 ModernMoneyNetwork 2023-01-30 | Video recorded from Day Three of the 4th Annual Modern Monetary Theory Conference (held April 8th - 28th 2022), documenting featuring the panel discussing Social Provisioning and Movement StrategizingTwitter ► twitter.com/themmtnetwork#mmt #modernmoneytheory
Where Do We Go From Here? A Conversation with Stephanie Kelton | MMT Conference Day 2 ModernMoneyNetwork 2023-01-30 | Video recorded from Day Two of the 4th Annual Modern Monetary Theory Conference (held April 8th - 28th 2022), documenting featuring the panel featuring Stephanie KeltonTwitter ► twitter.com/themmtnetwork#mmt #modernmoneytheory
Debt Forgiveness Panel | MMT Conference Day 1 ModernMoneyNetwork 2023-01-30 | Video recorded from Day One of the 4th Annual Modern Monetary Theory Conference (held April 8th - 28th 2022), documenting the panel discussing Debt ForgivenessTwitter ► twitter.com/themmtnetwork#mmt #modernmoneytheory
4b. Digital Money and the Future (Fran Boait - Pre-Recorded) ModernMoneyNetwork 2019-10-02 | 3rd International Conference of Modern Monetary Theory1. Fran Boait (0:00)mmtconference.org
11. Building the MMT Movement ModernMoneyNetwork 2019-09-29 | 3rd International Conference of Modern Monetary Theory1. Andres Bernal (2:55)2. Kate Aronoff (23:36)3. Discussion (40:19)Moderator: Hannah Judsonmmtconference.org
10. The Future of MMT Scholarship ModernMoneyNetwork 2019-09-29 | 3rd International Conference of Modern Monetary Theory1. Bill Mitchell (4:15)2. Zdravka Todorova (18:17)3. Martha McCluskey (31:00)4. Scott Ferguson (47:00)Moderator: Joelle LeClairemmtconference.org
9c. Public Forum (Part 3) ModernMoneyNetwork 2019-09-29 | The 3rd International Conference of Modern Monetary Theory1. Vienne Chan & Money on the Left (Billy Saas, Max Seijo, Scott Ferguson) (2:10)mmtconference.org
9b. Public Forum (Part 2) ModernMoneyNetwork 2019-09-29 | The 3rd International Conference of Modern Monetary Theory1. Geoff Ginter (0:00)2. James Keenan & Adam Rice (22:35)3. F. Thomas Burke (43:55)4. Mike Fellman (57:05)mmtconference.orgmmtconference.org
9a. Public Forum (Part 1) ModernMoneyNetwork 2019-09-29 | The 3rd International Conference of Modern Monetary Theory1. Richard Winfield (0:08)mmtconference.org
8. Money, Imperialism, and Development ModernMoneyNetwork 2019-09-29 | 3rd International Conference of Modern Monetary Theory1. Ndongo Samba Sylla (7:45)2. Fadhel Kaboub (1:05:42)3. Discussion (1:30:28)mmtconference.org
7. MMT In the Public Sphere ModernMoneyNetwork 2019-09-28 | 3rd International Conference of Modern Monetary Theory1. 'The Con' Trailer (3:17) [CW/TW: suicide]2. Bill Black (14:45)3. Pavlina Tcherneva (37:47)4. Scott Fullwiler (59:46)5. Stephanie Kelton (1:26:38)6. Discussion (1:49:27)Moderator: Andres Bernalmmtconference.org
6. Money, Race, and Civil Rights ModernMoneyNetwork 2019-09-28 | 3rd International Conference of Modern Monetary Theory1. Camille Walsh (4:52)2. Nina Banks (22:20)3. Delman Coates (38:48)4. Shawn Sebastian (1:03:08)5. Discussion (1:31:00)Moderator: Malaika JabaliModerator: Hannah Judsonmmtconference.org
5. Finance Forum ModernMoneyNetwork 2019-09-28 | The 3rd International Conference of Modern Monetary Theory1. Joelle LeClaire (7:35)2. Gissella Lopez (33:18)3. Miguel Arjona Sanchez (1:11:15)4. Sam Levey (1:36:20)5. Arturo Huerta (2:06:55)6. Sherry Wise (2:36:00)7. Musical Interlude - Jeff Epstein & Christian Reilly (3:15:30)mmtconference.org
4a. Digital Money and the Future ModernMoneyNetwork 2019-09-27 | 3rd International Conference of Modern Monetary Theory1. Tamara Nopper (3:55)2. Fran Boait (28:50) (standalone video at youtube.com/watch?v=0CePEANpjKk)3. Raul Carrillo (43:49)4. Rohan Grey (1:23:43)3. Discussion (1:43:54)Moderator: Lara Merlingmmtconference.org
3b. MMT and the Green New Deal (Part 2) ModernMoneyNetwork 2019-09-27 | 3rd International Conference of Modern Monetary Theory1. Yeva Nersisyan (0:00)3. Nathan Tankus (9:34)5. Discussion (30:21mmtconference.org
3a. MMT and the Green New Deal (Part 1) ModernMoneyNetwork 2019-09-27 | 3rd International Conference of Modern Monetary Theory1. Introduction - Dirk Ehnts (0:49)2. Fadhel Kaboub (7:58)3. Maggie Dickinson (23:01)mmtconference.org
2. MMT and the Struggle for Social Justice ModernMoneyNetwork 2019-09-27 | 3rd International Conference of Modern Monetary Theory1. Introduction - Ben Wilson (4:44)2. Lua Yuille & Mathew Forstater (11:40)3. Max Seijo, Lua Yuille & Mathew Forstater (22:31)4. Nathan Tankus, Lua Yuille & Mathew Forstater (44:40)5. Discussion (57:30)6. Thanks - Michael Murray (1:13:30)7. Acknowledgment - Ed Miller (1:17:49)mmtconference.org
1. MMT: Whos Listening? ModernMoneyNetwork 2019-09-27 | 3rd International Conference of Modern Monetary Theory1. Bill Mitchell (5:34)2. Alexandra Scaggs (25:48)3. Glenn Hadden (40:34)4. Brian Romanchuk (57:12)4. Discussion (1:15:05)Moderator: Katia Dimitrievammtconference.org
Paying for the Green New Deal ModernMoneyNetwork 2019-05-25 | Support the stream: streamlabs.com/ModMonPubPurpose
Bill Black: Fraud and Financial Regulation ModernMoneyNetwork 2018-05-08 | In 1987 Charles Keating asked five U.S. Senators—the Keating Five—to meet with regulators in an effort to convince them to back off Lincoln Savings and Loan Association. One of the regulators present was William K. Black, of whom Keating would later write “get Black—kill him dead.” Lincoln ultimately failed and Keating went to prison for fraud. In the decades since Lincoln’s failure and the savings and loan crisis, frauds continued to plague the financial industry, culminating in the crisis of 2007-08. The government’s response failed to seriously address the problem of financial frauds, and they continue to occur.Currently a professor at the University of Missouri-Kansas City and a Distinguished Scholar in Residence at the University of Minnesota, Black is the author of The Best Way to Rob a Bank Is to Own One and developed the concept of “control fraud” to describe the use of a legitimate entity by its executives as a weapon to commit fraud—something that occurs with alarming frequency, particularly in the financial industry. Previously, he was the Executive Director of the Institute for Fraud Prevention, the litigation director of the Federal Home Loan Bank Board, deputy director of the Federal Savings and Loan Insurance Corporation, senior vice president and general counsel of the Federal Home Loan Bank of San Francisco, and Senior Deputy Chief Counsel at the Office of Thrift Supervision. He has advised leaders from around the world on combating fraud and financial crises. Sponsored by the Harvard Law Forum, the Tax Law and Financial Regulation Students Association, the Modern Money Network, and the DOS Grant Fund.
Law and the Wealth of Nations: Finance, Prosperity, and Democracy ModernMoneyNetwork 2018-03-16 | Video of a panel discussion with Duncan Kennedy, Mark Barenberg, Christine Desan, Robert Hockett, and Sanjay Reddy on Tamara Lothian's book Law and the Wealth of Nations. From the publisher:"Economic stagnation, financial crisis, and increasing inequality have provoked worldwide debate about the reshaping of the market economy. But few are willing to risk a reorientation of dominant ideas and a reform of entrenched structures. Right-wing populism has stepped into the void created by a failure to imagine structural alternatives. Tamara Lothian offers a deeper view showing the path to the reconstruction of the economy in the service of both growth and inclusion. She probes the institutional innovations that would reignite economic growth by democratizing the market. Progressives have traditionally focused only on the demand side of the economy, abandoning the supply side to conservatives. Law and the Wealth of Nations offers a progressive approach to the supply side of the economy and proposes innovation in our fundamental economic arrangements.Lothian begins by exploring how finance can serve broad-based economic growth rather than serving only itself. She goes on to show how the reform of finance can lead into the democratization of the economy. How, she asks, can we ensure that the most advanced, knowledge-intensive practices of production spread throughout the economy rather than remaining in the hands of the entrepreneurial and technological elite? How can we anchor greater economic equality and empowerment in the way we organize the economy rather than just trying to diminish inequalities after the fact by progressive taxation and entitlements? How can we revise legal thought and economic theory to develop the intellectual equipment that these tasks require? Law and the Wealth of Nations will appeal to all who are searching for ways to think practically about change in our economic and political institutions."
Rethinking Finance ModernMoneyNetwork 2018-03-13 | Video of Cornell Law Professors Robert Hockett and Saule Omarova speaking at Harvard Law School (Please note that the video quality improves substantially around the 5 minute mark.)The financial system is often thought of as a mechanism for intermediating or multiplying private savings. On this view, the government, if it appears at all, is merely a background actor providing the laws and regulations that set the rules of the game. Hockett and Omarova challenge these assumptions not only during times of financial crisis, but also in the day to day operation of the financial system in “normal times.” They argue that the government is more accurately seen as the franchisor of the financial system that both makes possible its existence and actively participates in markets. Drawing upon these insights and the vision of Alexander Hamilton, they call for the government to take on a more robust role in economic development and market stabilization.For background, see their papers “The Finance Franchise,” “Public Actors in Private Markets,” and "Private Wealth and Public Goods: A Case for a National Investment Authority"http://cornelllawreview.org/files/2017/08/HockettOmarovafinal.pdfpapers.ssrn.com/sol3/papers.cfm?abstract_id=2572635papers.ssrn.com/sol3/papers.cfm?abstract_id=2939309
How the Other Half Banks: A Book Talk with Mehrsa Baradaran ModernMoneyNetwork 2018-03-12 | Professor Mehrsa Baradaran of the University of Georgia School of Law discusses her book: How the Other Half BanksExclusion, Exploitation, and the Threat to Democracy at Harvard Law School. From the publisher:"The United States has two separate banking systems today—one serving the well-to-do and another exploiting everyone else. How the Other Half Banks contributes to the growing conversation on American inequality by highlighting one of its prime causes: unequal credit. Mehrsa Baradaran examines how a significant portion of the population, deserted by banks, is forced to wander through a Wild West of payday lenders and check-cashing services to cover emergency expenses and pay for necessities—all thanks to deregulation that began in the 1970s and continues decades later.In an age of corporate megabanks with trillions of dollars in assets, it is easy to forget that America’s banking system was originally created as a public service. Banks have always relied on credit from the federal government, provided on favorable terms so that they could issue low-interest loans. But as banks grew in size and political influence, they shed their social contract with the American people, demanding to be treated as a private industry free from any public-serving responsibility. They abandoned less profitable, low-income customers in favor of wealthier clients and high-yield investments. Fringe lenders stepped in to fill the void. This two-tier banking system has become even more unequal since the 2008 financial crisis."
Pavlina Tcherneva - The Federal Job Guarantee ModernMoneyNetwork 2018-03-03 | Despite the labor market recovery, millions remain unemployed, working part-time involuntarily, in precarious employment situations, or have dropped out of the workforce entirely. Now, as always, the economy fails to create enough jobs for all those who want to work. The costs of this failure – poverty, mental and physical illness, loss of social cohesion, lack of meaningful participation in community life – are enormous and disproportionately borne by vulnerable groups. For decades, advocates called for full employment in the form of a job guarantee, and those calls are sounding louder once again. Pavlina Tcherneva, Associate Professor and Chair of the Department of Economics at Bard College discusses her job guarantee research, why such a policy is needed, and how it would work, from funding to implementation. In addition, she discusses how this policy would benefit those who are often excluded from full participation in economic and social life, and why a job guarantee is superior to an income guarantee alone.Professor Tcherneva conducts research in the fields of modern monetary theory and public policy. She frequently speaks at Central Banks around the world and has collaborated with policymakers from different countries on developing and evaluating various job-creation programs. She is a two-time recipient of a grant from the Institute for New Economic Thinking for her research on the impact of alternative fiscal policies on unemployment, income distribution, and public goods provisioning.More information about the job guarantee is available here: pavlina-tcherneva.net/job-guaranteeSponsored by the Modern Money Network, the Women’s Law Association, the American Constitution Society, the Harvard Law School Forum, the Tax Law and Financial Regulation Students Association, the Labor and Employment Action Project, the Reparatory Justice Initiative, the Harvard Law School Democrats, La Alianza, and the Harvard Black Law Students Association.
A New New Deal for NYC and the USA ModernMoneyNetwork 2017-10-28 | “A New ‘New Deal’ for NYC & the USA” will be held on Friday, October 27, at the New School for Social Research, featuring a welcome by Professor Franklin D. Roosevelt, III, Honorary Chair, and speeches by the Honorable Letitia James, New York City Public Advocate, and Representative Marcy Kaptur (D-OH).The program will highlight Public Advocate James’s “New York Jobs for All Program,” a local version of H.R. 1000, the Jobs for All Act that Representative John Conyers (D-MI) has sponsored in successive sessions of Congress since 2013. According to Gertrude Schaffner Goldberg, Chair of NJFAC’s Executive Committee, “By initiating legislation for a New York Jobs for All Program, Public Advocate Letitia James has taken a giant step toward economic and social justice. This program will also move New York toward realizing the right to a useful and remunerative job that President Franklin D. Roosevelt described in his last two State of the Union Messages as the foundation of a ‘Second Bill of Rights’ for the American People.” In addition to Professor Roosevelt, Public Advocate James and Representative Kaptur, who is Chief Sponsor, H.R. 2206, 21st Century Civilian Conservation Corps Act, and Co-Sponsor H.R. 1000, 21st Century Humphrey-Hawkins Full Employment and Training Act, speakers will be the New School’s Dean William Milberg, Professor Robert Pollack, Director of the Columbia University Seminars, Professor Gertrude Schaffner Goldberg, NJFAC Chair, and Co-Chair, Columbia University Seminar on Full Employment, Social Welfare, and Equity, Gray Brechin, Geographer and Founder, Living New Deal, and Professors Darrick Hamilton of the New School, Philip Harvey of Rutgers Law, Stephanie Kelton, former Chief Economist, Senate Budget Committee & Stony Brook University, and Randall Wray of the Levy Institute, Bard College.
A New New Deal for NYC and the USA ModernMoneyNetwork 2017-10-27 | “A New ‘New Deal’ for NYC & the USA” will be held on Friday, October 27, at the New School for Social Research, featuring a welcome by Professor Franklin D. Roosevelt, III, Honorary Chair, and speeches by the Honorable Letitia James, New York City Public Advocate, and Representative Marcy Kaptur (D-OH).The program will highlight Public Advocate James’s “New York Jobs for All Program,” a local version of H.R. 1000, the Jobs for All Act that Representative John Conyers (D-MI) has sponsored in successive sessions of Congress since 2013. According to Gertrude Schaffner Goldberg, Chair of NJFAC’s Executive Committee, “By initiating legislation for a New York Jobs for All Program, Public Advocate Letitia James has taken a giant step toward economic and social justice. This program will also move New York toward realizing the right to a useful and remunerative job that President Franklin D. Roosevelt described in his last two State of the Union Messages as the foundation of a ‘Second Bill of Rights’ for the American People.” In addition to Professor Roosevelt, Public Advocate James and Representative Kaptur, who is Chief Sponsor, H.R. 2206, 21st Century Civilian Conservation Corps Act, and Co-Sponsor H.R. 1000, 21st Century Humphrey-Hawkins Full Employment and Training Act, speakers will be the New School’s Dean William Milberg, Professor Robert Pollack, Director of the Columbia University Seminars, Professor Gertrude Schaffner Goldberg, NJFAC Chair, and Co-Chair, Columbia University Seminar on Full Employment, Social Welfare, and Equity, Gray Brechin, Geographer and Founder, Living New Deal, and Professors Darrick Hamilton of the New School, Philip Harvey of Rutgers Law, Stephanie Kelton, former Chief Economist, Senate Budget Committee & Stony Brook University, and Randall Wray of the Levy Institute, Bard College.
But Can We Afford It? Economic Priorities for the Next Administration ModernMoneyNetwork 2017-01-12 | The Harvard Law School Forum, the Harvard Law School Tax Law and Financial Regulation Students Association, the Modern Money Network, the American Constitution Society, and the Harvard Law and Policy Review Proudly Present:BUT CAN WE AFFORD IT? ECONOMIC PRIORITIES FOR THE NEXT ADMINISTRATION“That's a good idea ... but how will you pay for it?” This is the question posed to every candidate who has ever had an idea for any program ever. Following one of the most polarizing and contentious electoral cycles in modern memory, it’s time to discuss what that question really means. Together, two former D.C. insiders will interrogate the public understanding of the federal budgeting process.Topics to be covered include:- The relationship between federal government taxes and outlays- The function of the market for U.S. Treasuries and the meaning of “national debt”- The legal constraints of the U.S debt ceiling- The relationships between government spending, the “money supply”, and inflation- The status of the U.S. dollar as a global reserve currencySpeakers:Stephanie Kelton, Professor of Economics at the University of Missouri-Kansas City, Former Chief Economist on the U.S. Senate Budget Committee (minority staff) and Economic Advisor to the Bernie 2016 presidential campaign.Amar Reganti, member of the Asset Allocation team at Grantham, Mayo, Van Otterloo & Co. LLC (“GMO”), a Boston-based asset management firm, and former Deputy Director of the Office of Debt Management at the U.S. Department of the Treasury.Moderator: Daniel Sufranski, HLS '18, President, Modern Money Network-HLS Chapter
The Money Problem: Rethinking Financial Regulation ModernMoneyNetwork 2016-06-11 | Morgan Ricks, Associate Professor of Law at Vanderbilt and a senior policy adviser at the US Treasury Department from 2009-10, will speak about his new book, The Money Problem: Rethinking Financial Regulation. Professor Ricks argues that financial instability is primarily a problem of monetary system design and offers a novel take on shadow banking.
Tsipras Describes Strategy for Greek EU Negotiations ModernMoneyNetwork 2015-02-10 | Aexis Tsipras, Prime Minister of Greece and leader of SYRIZA, on his party's plans to enact anti-austerity reforms within the Eurozone. Excerpted from "An Evening with Syriza: On Greece and the Eurozone - Part 2" from January 4, 2013. youtube.com/watch?v=vVIzDxmV0U4Help us caption & translate this video!http://amara.org/v/GGtp
Rania Antonopoulos - Responding to the Unemployment Crisis in Greece ModernMoneyNetwork 2015-01-15 | Rania Antonopoulos, Senior Scholar at the Levy Economics Institute, describes her proposal for an "Employer of Last Resort" program in Greece. Part of the MMx seminar “The Disparate Impact of Unemployment: Macroeconomic Policy as a Tool for Race, Gender, and Age Discrimination” hosted by the Modern Money Network.Help us caption & translate this video!http://amara.org/v/Fyyw
How I Learned to Stop Worrying and Love the National Debt - A Conversation with Frank Newman ModernMoneyNetwork 2014-06-25 | "How I Learned to Stop Worryingand Love the National Debt"A Conversation with former Deputy treasury secretary Frank Newmanhttp://www.modernmoneynetwork.org/frank-newman-conversation.htmlThis event will explore common misconceptions regarding the nature of the national debt and its function in the broader context of contemporary U.S. macroeconomic policy. Questions to be addressed include:What is the national debt comprised of?Why is the national debt different from a personal debt?How accurate are the assumptions behind popular fears over the sustainability of the national debt?How can an accurate understanding of the nature and operations of money inform current debates over the national debt?Frank Newman works as the Vice-Chairman of Asia for Global Strategic Associates, and has published two books: Six Myths that Hold Back America: And What America Can Learn from the Growth of China's Economy (2011), and Freedom from National Debt (2012).
Modern Money & Public Purpose 8: Economic Rights ModernMoneyNetwork 2013-09-09 | GUARANTEED INCOME OR EMPLOYMENT: ECONOMIC RIGHTS FOR THE 21ST CENTURYSpeakers:Pavlina Tcherneva, Ph.D., Assistant Professor of Economics at Bard College & Research Scholar at the Levy Economics InstitutePhilip T. Harvey, Ph.D. J.D., Professor of Law and Economics at Rutgers School of Law-Camden. Moderator:Gertrude Schaffner Goldberg, Professor of Social Policy, Adelphi University of Social WorkThis seminar focuses on the social, political and economic justifications for securing a legal right to meaningful work and basic material wellbeing, as well as historical examples of direct public employment programs from various nations including the United States, Argentina and India. Questions to be addressed include:Should individuals have a legal right to work and/or basic material wellbeing?Can we afford a job or income guarantee?What would a job or income guarantee look like?What can we learn from direct employment programs from the past and abroad?Further reading: http://www.modernmoneynetwork.org/seminar-8-economic-rights.html
Mosler & Kelton on Why MMT Has Not Been Embraced By Those In Power ModernMoneyNetwork 2013-07-14 | Excerpted from "Why Governments Are Not Households" - http://youtu.be/ba8XdDqZ-JgVisit http://www.modernmoneynetwork.org to learn more.
MMT vs. Austrian School Debate ModernMoneyNetwork 2013-06-19 | MODERN MONETARY THEORY VS. THE AUSTRIAN SCHOOL:MACROECONOMIC DEBATES AMONG THE HETERODOXYFor discussion on this video, see here: http://www.modernmoneynetwork.org/1/post/2013/08/mmt-vs-austrian-debate-post-mortem.htmlA public debate on macroeconomic theory and policy with leading thinkers from Modern Monetary Theory (MMT) and the Austrian School. Warren Mosler represents MMT, Robert Murphy, Ph.D, represents the Austrian School, and John Carney moderates.http://www.modernmoneynetwork.org/mmt-vs-austrian-school.htmlDEBATERSWARREN MOSLER is an early developer of Modern Monetary Theory (MMT), the President of Valance Co, Inc., and Senior Financial Advisor to Senator Ronald E. Russell, President of the 29th Legislature of the U.S. Virgin Islands. He is the founder and current manager of the III Funds, which peaked at over $5 billion AUM in 2007 and currently manages about $1.5 billion, as well as the Founder and President of Mosler Automotive, which manufactures the MT900 sports car in Riviera Beach, Florida. Mr. Mosler has written a number of academic papers on issues relating to macroeconomics and monetary policy, and is the author of Seven Deadly Innocent Frauds of Economic Policy (2010). He maintains a personal blog, The Center of the Universe (http://moslereconomics.com), and can be followed on Twitter at http://moslereconomics.com. ROBERT MURPHY, Ph.D, is a Senior Economist with the Institute for Energy Research and an Associated Scholar at the Ludwig von Mises Institute, where he teaches at the Mises Academy. He is also an adjunct scholar at the Mackinac Center for Public Policy. From 2003 until 2006, Murphy was Visiting Assistant Professor of Economics at Hillsdale College in Michigan, U.S. From 2006 until early 2007, he was employed as a research and portfolio analyst with Laffer Associates, an economic and investment consultancy in New York. He runs the blog Free Advice (http://consultingbyrpm.com/blog) and writes a column for Townhall.com and has also written for LewRockwell.com. He is the author of a number of books including The Politically Incorrect Guide to Capitalism and Lessons for the Young Economist.MODERATORJOHN CARNEY is a senior editor at CNBC.com, covering Wall Street, hedge funds, financial regulation and other business news. Prior to joining CNBC.com, Carney was the editor of Business Insider's Clusterstock.com and DealBreaker.com. He has also written for The Wall Street Journal, The New York Times, The New York Sun, Page Six Magazine, Gawker, TheAtlantic.com, The Daily Beast, Time Out New York, Fortune and New York magazine. Carney practiced corporate law at firms such as Skadden, Arps, Slate, Meagher & Flom and Latham & Watkins, primarily representing banks, hedge funds and private equity firms. He received his law degree from the University of Pennsylvania.
Modern Money & Public Purpose 7: Financial Reform ModernMoneyNetwork 2013-05-26 | RENT-SEEKING, INSTABILITY AND FRAUD: CHALLENGES FOR FINANCIAL REFORMThis seminar will explore how financial sector innovation and regulatory structures affect inequality, macroeconomic fragility and white collar crime. Questions to be addressed include:What role does the financial sector play in a modern day economy?How does financial innovation fit into traditional boom-and-bust accounts of the business cycle?What role did fraud play in the global financial crisis?How can financial reform effectively reduce the prevalence of rent-seeking, instability and fraud?Speakers:William K. Black, J.D. Ph.D., Associate Professor of Law and Economics at the University of Missouri-Kansas CityMichael Norman, B.A. M.A., independent broker-dealer and investment banking firm on Wall Street, and the former Chief Economist and John Thomas FinancialLynn E. Turner, B.A. M.A. C.P.A.,former Professor of Accounting at Colorado State University and currently Managing Director at LitiNomicsModerator:Harvey J. Goldschmid, Dwight Professor of Law at Columbia Law School
