Seriously good stuff. An accessible master's class in economics. In this combined and lightly edited rerun of conversations recorded June 2012 and Feb 2013, Jay Ackroyd and Stephanie Kelton, Professor of Economics at University of Missouri, Kansas City discuss Modern Monetary Theory. In a far ranging conversation, they consider the differences between the budgets of households and sovereign states, both domestic and foreign, the platinum coin concept and the nature of fiat currency. Follow @deficitowl @JayAckroyd Read Stephanie at New Economic Perspectives:  http://bit.ly/LFG3bq  http://www.ritholtz.com/blog/2013/01/short-history-of-the-debt-ceilinggovernment-shutdowns/ Seriously good stuff. An accessible master's class in economics. In this combined and lightly edited rerun of conversations recorded June 2012 and Feb 2013, Jay Ackroyd and Stephanie Kelton, Professor of Economics at University of Missouri, Kansas City discuss Modern Monetary Theory. In a far ranging conversation, they consider the differences between the budgets of households and sovereign states, both domestic and foreign, the platinum coin concept and the nature of fiat currency. Follow @deficitowl @JayAckroyd Read Stephanie at New Economic Perspectives:  http://bit.ly/LFG3bq  http://www.ritholtz.com/blog/2013/01/short-history-of-the-debt-ceilinggovernment-shutdowns/