Randall Wray on MMT and the US Economic Crisis

Randall Wray gives an enlightening talk here called “Money and the Public Purpose: The Modern Monetary Theory Approach” (Capitalist Mode of Power: Past, Present, Future Conference, October 20, 2011, York University, Toronto), on MMT and the current economic crisis in America.

Excellent analysis and explanation of MMT. Wray speaks first, but there is a second speaker after him (so Wray’s talk is only the first half of this video).