Episode 6: MMT & Developing Nations with Fadhel Kaboub

Fadhel Kaboub is an Associate Professor of economics at Denison University and President of the Binzagr Institute for Sustainable Prosperity. In this episode, Adam and Fadhel discuss Fadhel's work at the Binzagr Institute and how adopting MMT-informed policies can help both developing nations and the United States.  The Binzagr Institute for Sustainable Prosperity is an independent public policy think-tank dedicated to the promotion of interdisciplinary research in the service of an improved quality of life for all members of society. We believe that providing decent employment opportunities for everyone ready, willing and able to work at a socially established living wage is an institutional prerequisite for social justice and sustainable prosperity. “Sustainable prosperity” is conceived here holistically, to encompass the physical, mental, environmental, financial, educational and civic wellbeing of all individuals, families, neighborhoods, and regions throughout the world.

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Pocket Change is focused on a school of economics known as Modern Monetary Theory, or MMT. MMT describes modern economies in which the national currency is fiat money that’s issued by a sovereign government. The show explains the basics of MMT and examines current events through an MMT lens.