Modern Monetary Systems Vs Voodoonomics with Professor Steven Hail

With a federal election in progress our airwaves are being swamped with voodoonomics. Fortunately a growing group of economists is exposing the absurdity of the neoliberalist ideology that dominates the what passes for economics discussion among the capitalist commentariat and offering a cool analysis of how modern economies actually work.

Our guest on today's show is Professor Steven Hail of Torrens University and the Global Institute for Sustainable Prosperity and he is eminently qualified to help blow away the cobwebs from our our understanding of modern monetary systems.

Professor Hail lived and worked in London in the 90's, published a number of economics text books, and was involved in the provision of financial training to staff from all the major UK banks including the Bank of England. He has developed an analysis of the flaws in neoclassical economics, which led to his study of Post Keynesian economics, and modern monetary theory.

His book, Economics for Sustainable Prosperity, was published by Palgrave Macmillan in 2018.