273 Video: Modern Monetary Theory

Stephanie Kelton explain a new macroeconomic model: Modern Monetary Theory. It is a mathematical model, like the Keynesian model, that focuses on inflation and interest rates instead of supply or demand.

At the end of the video you should be able to explain:

  • the impact of government deficits
  • what is important with inflation
  • how the assets of the public sector are valued

License

Icon for the Creative Commons Attribution 4.0 International License

ACC Principles of Macroeconomics by Lumen Learning is licensed under a Creative Commons Attribution 4.0 International License, except where otherwise noted.

Share This Book