Dylan Moore of the Volitional Science Network and Nima Mahjour of EconomicsJunkie.com go over the basics of MMT: what you've never been told about the economy.
-The concept of Credit Money and the Statist origins of money -Sectoral Balances: how foreign trade can affect money supply and economic conditions -Floating vs. Fixed Currency Systems: the arbitrariness of the gold standard -Why do governments sell bonds? Do they actually fund spending? No. They are essentially risk-free assets for rich people. -What do federal reserve interest rates do? Nothing. -If interest rates do nothing, why does the Fed control them? -What does Quantitative Easing do? Turns out it's nothing to worry about. -The basics of the private banking system