Bill Mitchell on “What’s New in Modern Monetary Theory”

Bill Mitchell gives the keynote presentation at a Post Keynesian conference held at the University of Missouri-Kansas City (UMKC) in September, and the title is “What’s New in Modern Monetary Theory”:



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How American Libertarians are Turning into Socialists

As crazy as that sounds, there seems to be some evidence for it. In essence, some American libertarians are morphing into Alt Right “National Socialists.”

We can see the direct evidence for this in one of the most popular Alt Right podcasts (with a rather distasteful name) where the speakers are former libertarians:



Did you hear the astonishing confession here?:



It is startlingly indeed to see libertarians suddenly see the merits of protectionism and some kind of left-wing economics (however ill-defined).

Given the rise of the Alt Right, I am very curious indeed to know how common this kind of political transformation is in America, because it is so obviously similar to the way in which working class Democrats have switched to Donald Trump, because Trump suddenly offered them protectionism and a kind of Big Government conservatism.

We are living in historic times with massive political shifts on both the right and left, and both these developments prove it.