Christian and Patricia talk to research scholar Sam Levey about endogenous and exogenous theories of money creation. Do commercial banks control the money supply, or does the government control money creation? Sam talks about how the MMT lens resolves these contending perspectives.
L. Randall Wray on endogenous money: https://www.youtube.com/watch?v=-O5BJSv3btU
All of our episodes with Sam: https://www.patreon.com/posts/43189679