My 2 Cents Adjusted for Inflation -  Ep 10  - Business Card Analogy pt 2
Channel: 2centsadjustedforinflation MMT
Date: 2017-12-27

My 2 Cents Adjusted for Inflation - Episode 10 - Business Card Analogy Part 2, adapted from Professor Bill Mitchell's blog.

Read the original blog "Barnaby, better to walk before we run" here: 
http://bilbo.economicoutlook.net/blog/?p=7864

and "A simple business card economy":  http://bilbo.economicoutlook.net/blog/?p=1075

Warren Mosler developed this story. This is my first attempt at a retelling - they say the best way to learn is to teach - you can watch Warren Mosler deliver the original story here: 
https://www.youtube.com/watch?v=HxcZBmUzplk

I also recommend that you read the following about Modern Money Theory:

Steven Hail in The Conversation and MMT Presentation: https://theconversation.com/explainer-what-is-modern-monetary-theory-72095

and here: https://www.youtube.com/watch?v=qBpm5sVmGYc

This video series attempts to recommend policy prescriptions that advance public purpose using a Modern Monetary Theory (MMT) framework. 

To inform this video, I have been reading the work of MMT founders, writers and activists including Bill Mitchell, Warren Mosler, L Randall Wray, Stephanie Kelton, Pavlina Tcherneva, Michael Hudson, Marshall Auerback, Fadhel Kaboub, Steven Hail, Rohan Grey, Steve Grumbine, Ellis Winningham and many, many others to whom I owe a debt of gratitude for their teachings. 

Please read their work for a more detailed explanation of Modern Monetary Theory. 

Bill Mitchell's Blog: http://bilbo.economicoutlook.net/blog/

Warren Mosler's free e-book 'Seven Deadly Innocent Frauds of 
Economic Policy:
https://moslereconomics.com/wp-content/powerpoints/7DIF.pdf

L. Randall Wray's MMT Primer: 
http://neweconomicperspectives.org/modern-monetary-theory-primer.html

Stephanie Kelton's Angry Birds MMT presentation: https://www.youtube.com/watch?v=Q1SMjeuyF-Y&t=3876s

Ellis Winningham: http://elliswinningham.net/

Many thanks to the artists who have produced and submitted works to the creative commons that feature in this video.

Stay in touch! Email: my2centsadjustedforinflation@gmail.com