{"id":848,"date":"2023-07-25T21:56:37","date_gmt":"2023-07-25T21:56:37","guid":{"rendered":"https:\/\/pressbooks.ccconline.org\/accmacro\/?post_type=chapter&#038;p=848"},"modified":"2023-07-25T21:56:38","modified_gmt":"2023-07-25T21:56:38","slug":"video-modern-monetary-theory","status":"publish","type":"chapter","link":"https:\/\/pressbooks.ccconline.org\/accmacro\/chapter\/video-modern-monetary-theory\/","title":{"raw":"Video: Modern Monetary Theory","rendered":"Video: Modern Monetary Theory"},"content":{"raw":"[embed]https:\/\/www.ted.com\/talks\/stephanie_kelton_the_big_myth_of_government_deficits?language=en[\/embed]\r\n\r\nStephanie 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.\r\n\r\nAt the end of the video you should be able to explain:\r\n<ul>\r\n \t<li>the impact of government deficits<\/li>\r\n \t<li>what is important with inflation<\/li>\r\n \t<li>how the assets of the public sector are valued<\/li>\r\n<\/ul>","rendered":"<p><iframe loading=\"lazy\" id=\"oembed-1\" title=\"Stephanie Kelton: The big myth of government deficits\" src=\"https:\/\/embed.ted.com\/talks\/stephanie_kelton_the_big_myth_of_government_deficits\" width=\"500\" height=\"282\" frameborder=\"0\" scrolling=\"no\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\n<p>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.<\/p>\n<p>At the end of the video you should be able to explain:<\/p>\n<ul>\n<li>the impact of government deficits<\/li>\n<li>what is important with inflation<\/li>\n<li>how the assets of the public sector are valued<\/li>\n<\/ul>\n","protected":false},"author":107,"menu_order":36,"template":"","meta":{"pb_show_title":"on","pb_short_title":"","pb_subtitle":"","pb_authors":[],"pb_section_license":""},"chapter-type":[],"contributor":[],"license":[],"class_list":["post-848","chapter","type-chapter","status-publish","hentry"],"part":599,"_links":{"self":[{"href":"https:\/\/pressbooks.ccconline.org\/accmacro\/wp-json\/pressbooks\/v2\/chapters\/848","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/pressbooks.ccconline.org\/accmacro\/wp-json\/pressbooks\/v2\/chapters"}],"about":[{"href":"https:\/\/pressbooks.ccconline.org\/accmacro\/wp-json\/wp\/v2\/types\/chapter"}],"author":[{"embeddable":true,"href":"https:\/\/pressbooks.ccconline.org\/accmacro\/wp-json\/wp\/v2\/users\/107"}],"version-history":[{"count":1,"href":"https:\/\/pressbooks.ccconline.org\/accmacro\/wp-json\/pressbooks\/v2\/chapters\/848\/revisions"}],"predecessor-version":[{"id":849,"href":"https:\/\/pressbooks.ccconline.org\/accmacro\/wp-json\/pressbooks\/v2\/chapters\/848\/revisions\/849"}],"part":[{"href":"https:\/\/pressbooks.ccconline.org\/accmacro\/wp-json\/pressbooks\/v2\/parts\/599"}],"metadata":[{"href":"https:\/\/pressbooks.ccconline.org\/accmacro\/wp-json\/pressbooks\/v2\/chapters\/848\/metadata\/"}],"wp:attachment":[{"href":"https:\/\/pressbooks.ccconline.org\/accmacro\/wp-json\/wp\/v2\/media?parent=848"}],"wp:term":[{"taxonomy":"chapter-type","embeddable":true,"href":"https:\/\/pressbooks.ccconline.org\/accmacro\/wp-json\/pressbooks\/v2\/chapter-type?post=848"},{"taxonomy":"contributor","embeddable":true,"href":"https:\/\/pressbooks.ccconline.org\/accmacro\/wp-json\/wp\/v2\/contributor?post=848"},{"taxonomy":"license","embeddable":true,"href":"https:\/\/pressbooks.ccconline.org\/accmacro\/wp-json\/wp\/v2\/license?post=848"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}