Modern Monetary Theory: Something Old, Something New, Something Borrowed, Something True
Warren Mosler is known for his writings on Modern Monetary Theory (MMT), a description of the way fiat money is originated and utilized in modern economies. His previously unorthodox views have now gained a substantial following among financial professionals and academics along with participants in Internet discussion groups. In this webinar, Warren will discuss Modern Monetary Theory’s contributions to our understandings of Sequence, Inflation, Unemployment and Interest rates and their implications for the future as world economies recover from Covid-19.
Warren Mosler is an American economist and theorist, and one of the leading voices in the field of Modern Monetary Theory (MMT). Presently, Warren resides on St. Croix, in the US Virgin Islands, where he owns and operates Valance Co., Inc.
An entrepreneur and financial professional, Warren Mosler has spent the past 40 years gaining an insider’s knowledge of monetary operations. He co-founded AVM, a broker/dealer providing advanced financial services to large institutional accounts and the Illinois Income Investors (III) family of investment funds in 1982, which he turned over to his partners at the end of 1997. He began his career after graduating from the University of Connecticut with a B.A. in Economics in 1971 and has been deeply involved in the academic community, giving presentations at conferences around the world and publishing numerous articles in economic journals, newspapers, and periodicals.
He is attributed with creating Mosler’s law that states, “there is no financial crisis so deep that a sufficiently large fiscal adjustment cannot deal with it.”
In addition to his work in the field of economics, he developed (and later sold) his own automobile line, Mosler Automotive, responsible for producing the Mosler MT900 and the Consulier GTP. He also designed his own ‘tandem catamaran’ configuration that’s lightweight, fuel efficient, and eliminates the accelerations that cause sea sickness and that also cause boat hulls to fail.
Mosler is the author of “The Seven Deadly Innocent Frauds of Economic Policy” that has been translated into Italian, French, German, Arabic, Polish, Chinese, and Spanish.