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Podcast: The DemystifySci Podcast
Episode: How the Economy Actually Works - Dr. Yeva Nersisyan, Franklin and Marshall - DS Pod 270
Description: Dr. Yeva Nersisyan is a professor of economics at Franklin and Marshall College whose research focus includes Modern Monetary Theory, Post-Keynesianism, and the Institutionalist traditions. She has published widely on the subject of banking and financial instability, which is why we invited her on to talk about how the economy *actually* works. MMT theorists argue that Neo-classical economists have a deeply limited understanding of the economy, as demonstrated by the Fed’s recent inability to control inflation by adjusting interest rates - which is basically the only lever available to it. We discuss how it seems that no one wh...