Season 1 · Episode 172
Can MMT pay for a Green New Deal?
Debunking Economics - the podcast · Steve Keen & Phil Dobbie
October 21, 201934m 0s
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Show Notes
Larry Randall Wray has suggested Modern Monetary Theory should be applied to create a Green New Deal. This week and next, Phil Dobbie talks to Prof Steve Keen about the idea of creating government money to tackle the climate emergency. Would it work? Is there a danger that public sector spending will crowd out private investment in innovative approaches to renewable energy? And what can we learn from the original New Deal, from Roosevelt just after the Great Depression?
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