Which Deficits Really Matter?
Session 4

2024-04-22 6:30 pm - 8:00 pm
Henry George School of Social Science
Phone:(212) 889-8020
Address: 149 East 38th Street, New York, NY 10016

Which Deficits Really Matter?

Modern Monetary Theory (MMT), a heterodox school of macroeconomic thought asks:

  • To what degree is a country monetarily sovereign?
  • How does that impact the economic policies that country is able to pursue?

A monetarily sovereign nation is one whose government issues its own currency, does not peg the value of that currency to any other currency or to any precious metal, and does not take on debt in any currency other than its own.

It turns out that whether a country is monetarily sovereign or not has tremendous importance in determining the economic policies it can pursue in response to crises, be they economic, political, medical or ecological. MMT explains, for example, why the U.S. federal government can create hundreds of billions of dollars to spend in response to a pandemic, while state and local governments (not to mention individual households) cannot.

In this course, participants will learn about MMT by reading Stephanie Kelton’s 2020 bestseller, “The Deficit Myth.” The course will be conducted in a seminar style in six weekly sessions. In each of these sessions, participants will be expected to have read one or two chapters in Kelton’s book and worked through discussion questions. At the conclusion of the course, participants should be able to explain and use MMT-based insights to understand the current political economy of the U.S. and other countries.

The instructor, James Keenan is the founder of the Lerner – Minsky Society and an instructor at the Henry George School.

Note: We recommend reading at least the introduction to Prof. Kelton’s Deficit Myth before session 1 of the course.

Dates: Mondays: 4/1, 4/8, 4/15, 4/22, 4/29, 5/6

Time: 6:30 PM – 8:00 PM ET

Location: Online via Zoom

Note: This is an online event. After registration, the Zoom link, along with the Meeting ID and Passcode, will be provided via email the day of each session.

REGISTER NOW

Related upcoming events

  • 2024-04-29 6:30 pm - 2024-04-29 8:00 pm

    Which Deficits Really Matter?

    Modern Monetary Theory (MMT), a heterodox school of macroeconomic thought asks:

    • To what degree is a country monetarily sovereign?
    • How does that impact the economic policies that country is able to pursue?

    A monetarily sovereign nation is one whose government issues its own currency, does not peg the value of that currency to any other currency or to any precious metal, and does not take on debt in any currency other than its own.

    It turns out that whether a country is monetarily sovereign or not has tremendous importance in determining the economic policies it can pursue in response to crises, be they economic, political, medical or ecological. MMT explains, for example, why the U.S. federal government can create hundreds of billions of dollars to spend in response to a pandemic, while state and local governments (not to mention individual households) cannot.

    In this course, participants will learn about MMT by reading Stephanie Kelton's 2020 bestseller, "The Deficit Myth." The course will be conducted in a seminar style in six weekly sessions. In each of these sessions, participants will be expected to have read one or two chapters in Kelton's book and worked through discussion questions. At the conclusion of the course, participants should be able to explain and use MMT-based insights to understand the current political economy of the U.S. and other countries.

    The instructor, James Keenan is the founder of the Lerner – Minsky Society and an instructor at the Henry George School.

    Note: We recommend reading at least the introduction to Prof. Kelton’s Deficit Myth before session 1 of the course.

    Dates: Mondays: 4/1, 4/8, 4/15, 4/22, 4/29, 5/6

    Time: 6:30 PM – 8:00 PM ET

    Location: Online via Zoom

    Note: This is an online event. After registration, the Zoom link, along with the Meeting ID and Passcode, will be provided via email the day of each session.

    REGISTER NOW

  • 2024-05-06 6:30 pm - 2024-05-06 8:00 pm

    Which Deficits Really Matter?

    Modern Monetary Theory (MMT), a heterodox school of macroeconomic thought asks:

    • To what degree is a country monetarily sovereign?
    • How does that impact the economic policies that country is able to pursue?

    A monetarily sovereign nation is one whose government issues its own currency, does not peg the value of that currency to any other currency or to any precious metal, and does not take on debt in any currency other than its own.

    It turns out that whether a country is monetarily sovereign or not has tremendous importance in determining the economic policies it can pursue in response to crises, be they economic, political, medical or ecological. MMT explains, for example, why the U.S. federal government can create hundreds of billions of dollars to spend in response to a pandemic, while state and local governments (not to mention individual households) cannot.

    In this course, participants will learn about MMT by reading Stephanie Kelton's 2020 bestseller, "The Deficit Myth." The course will be conducted in a seminar style in six weekly sessions. In each of these sessions, participants will be expected to have read one or two chapters in Kelton's book and worked through discussion questions. At the conclusion of the course, participants should be able to explain and use MMT-based insights to understand the current political economy of the U.S. and other countries.

    The instructor, James Keenan is the founder of the Lerner – Minsky Society and an instructor at the Henry George School.

    Note: We recommend reading at least the introduction to Prof. Kelton’s Deficit Myth before session 1 of the course.

    Dates: Mondays: 4/1, 4/8, 4/15, 4/22, 4/29, 5/6

    Time: 6:30 PM – 8:00 PM ET

    Location: Online via Zoom

    Note: This is an online event. After registration, the Zoom link, along with the Meeting ID and Passcode, will be provided via email the day of each session.

    REGISTER NOW

  • 2024-05-08 6:30 pm - 2024-05-08 8:00 pm

    Understanding our Political Economy

    This course explains the fundamental relations between the factors of production utilized in the process of wealth creation and the natural laws that govern its distribution. We will use the interdisciplinary approach employed by Henry George in his writings to provide cohesive, evidence-based insights into why economies experience cycles of boom and bust. Additionally, the course will explain why societies continue to experience generational poverty and what measures can be adopted to bring these problems to an end.

    The instructor, Edward J. Dodson is a retired banker, former director and long time faculty member of the Henry George School of Social Science.

    Dates: Part II – Wednesdays – 5/8, 5/15, 5/22, 5/29

    Time: 6:30 PM – 8:00 PM ET

    Location: Online via Zoom

    If you previously registered for Part I, you do not need to register again for Part II.

    If you did NOT register for Part I, but would like to attend Part II, please call 212-889-8020 or email info@hgsss.org.

    Note: This is an online event. After registration, the Zoom link, along with the Meeting ID and Passcode, will be provided via email the day of each session.

    REGISTER NOW

  • 2024-05-15 6:30 pm - 2024-05-15 8:00 pm

    Understanding our Political Economy

    This course explains the fundamental relations between the factors of production utilized in the process of wealth creation and the natural laws that govern its distribution. We will use the interdisciplinary approach employed by Henry George in his writings to provide cohesive, evidence-based insights into why economies experience cycles of boom and bust. Additionally, the course will explain why societies continue to experience generational poverty and what measures can be adopted to bring these problems to an end.

    The instructor, Edward J. Dodson is a retired banker, former director and long time faculty member of the Henry George School of Social Science.

    Dates: Part II – Wednesdays – 5/8, 5/15, 5/22, 5/29

    Time: 6:30 PM – 8:00 PM ET

    Location: Online via Zoom

    If you previously registered for Part I, you do not need to register again for Part II.

    If you did NOT register for Part I, but would like to attend Part II, please call 212-889-8020 or email info@hgsss.org.

    Note: This is an online event. After registration, the Zoom link, along with the Meeting ID and Passcode, will be provided via email the day of each session.

    REGISTER NOW

  • 2024-05-22 6:30 pm - 2024-05-22 8:00 pm

    Understanding our Political Economy

    This course explains the fundamental relations between the factors of production utilized in the process of wealth creation and the natural laws that govern its distribution. We will use the interdisciplinary approach employed by Henry George in his writings to provide cohesive, evidence-based insights into why economies experience cycles of boom and bust. Additionally, the course will explain why societies continue to experience generational poverty and what measures can be adopted to bring these problems to an end.

    The instructor, Edward J. Dodson is a retired banker, former director and long time faculty member of the Henry George School of Social Science.

    Dates: Part II – Wednesdays – 5/8, 5/15, 5/22, 5/29

    Time: 6:30 PM – 8:00 PM ET

    Location: Online via Zoom

    If you previously registered for Part I, you do not need to register again for Part II.

    If you did NOT register for Part I, but would like to attend Part II, please call 212-889-8020 or email info@hgsss.org.

    Note: This is an online event. After registration, the Zoom link, along with the Meeting ID and Passcode, will be provided via email the day of each session.

    REGISTER NOW

  • 2024-05-29 6:30 pm - 2024-05-29 8:00 pm

    Understanding our Political Economy

    This course explains the fundamental relations between the factors of production utilized in the process of wealth creation and the natural laws that govern its distribution. We will use the interdisciplinary approach employed by Henry George in his writings to provide cohesive, evidence-based insights into why economies experience cycles of boom and bust. Additionally, the course will explain why societies continue to experience generational poverty and what measures can be adopted to bring these problems to an end.

    The instructor, Edward J. Dodson is a retired banker, former director and long time faculty member of the Henry George School of Social Science.

    Dates: Part II – Wednesdays – 5/8, 5/15, 5/22, 5/29

    Time: 6:30 PM – 8:00 PM ET

    Location: Online via Zoom

    If you previously registered for Part I, you do not need to register again for Part II.

    If you did NOT register for Part I, but would like to attend Part II, please call 212-889-8020 or email info@hgsss.org.

    Note: This is an online event. After registration, the Zoom link, along with the Meeting ID and Passcode, will be provided via email the day of each session.

    REGISTER NOW