Comments by "Karl Kerr" (@karlkerr7348) on "What is modern monetary theory" video.

  1. Interest rates are the cost of capital, so if that goes up so does cost of private borrowing, so demand drops off and in turn price increases ie inflation. Costly mortgages brings a decrease in housing demand and prices.
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  2. MMT is a sound economic theory, so why not implemented? Quite simply recent british governments are operating a neoliberal model putting private capital and interests first. MMT leans towards a more centralised public sector economic framework. That be too socialist for some politicians and corporate stomachs to bear.
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  3. Unfortunately our economy is being managed by monetarists, utilising coarse interest rates and faux fiscal rules
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