Interview: Modern Money Lab founder, Gabrielle Bond, helps me understand the myths of deficits
Just 40 minutes, along with a fair bit of research, with Gabrielle Bond (pictured), the woman behind the Modern Money Lab at Adelaides Torrens University, changed, no, exploded my views about economic ideas, particularly those of Federal Government deficits.
Gabrielle is an enthusiast of the Modern Money Theory (MMT) and an ardent supporter of her contemporary from the university, Assistant Professor Steven Hail, who explained MMT through an article in The Conversation, entitled, "Explainer: what is modern monetary theory?".
In that article, he discussed one of MMT's pioneers, Professor Bill Mitchell, who has long explored the workings and application of the Modern Monetary Theory.
Of course, the real modern hero of MMT is U.S. economist, Stephanie Kelton, who can be seen in this TEDx talk "The big myth of government deficits" and again in this "Stony Brook University Presidential Lecture Series".
My journey to interview Gabrielle began when I listened to Professor Kelton in Melbourne, where she talked about many things, including the movie "Finding the Money".
It was in 2021 that reporter Gareth Hutchins wrote a story for the Australian Broadcasting Corporation (ABC) entitled: "Modern Monetary Theory: How MMT is challenging the economic establishment".
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