What Is Modern Monetary Theory - Richard Murphy

5th September 2024

This is a longer video from Richard Murphy but if you can listen to it all you will have had a masterclass in economics. You will then perhaps listen to politicians much more critically when they speak about the deficit and be able to spot many of the mis-statements and wrong information about their policies.

You can't discuss macroeconomics without knowing about modern monetary theory. So, what is it all about? In this longer-than-usual video I offer my explanation. You won't regret finding out.

ABOUT RICHARD MURPHY
Richard Murphy is Professor of Accounting Practice at Sheffield University Management School. He is director of Tax Research LLP and the author of the Funding the Future blog. His best known book is ‘The Joy of Tax'.

Note
If you would like to read more about this topic a very good book is
The Deficit Myth Modern Monetary Theory and How to Build a Better Economy by Stephanie Kelton

Read about Stephanie Kelton at https://en.wikipedia.org/wiki/Stephanie_Kelton