Carl Angotti and Greg Alexander
11 a.m., August 30, 2020
Because of the coronavirus situation, this Forum will be held online.
If you don’t intend to ask any questions or make any comments during this Forum, then please click the below link on Sunday around 11 a.m. in order to view the Forum as it occurs (in real time):
If you may want to ask a question or make a comment during this Forum, then please click the below link on Sunday around 11 a.m. in order to view, and possibly take part in, the Forum as it occurs (in real time):
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This online Forum will be on the topic of:
“An Introduction to Modern Monetary Theory”
and will be presented by longtime HCSV members Carl Angotti and Greg Alexander.
This presentation is based on the concepts discussed in the book “The Deficit Myth: Modern Monetary Theory and the Birth of the People’s Economy” by Stepanie Kelton, several of her online videos and another video that explains the concept of money – “Modern Money Theory for Beginners”, by L. Randall Wray. It is important for Progressives to understand this concept that is becoming more mainstream in the recent past.
In Stephanie Kelton’s book she describes 8 myths about deficient spending by the Federal Government. During this presentation, we will touch on a few of the most important of these myths.
Does the Federal Government Need to Balance Its Budget?
Does increased Government Spending always lead to inflation?
How important is the National Debt?
Some of the other areas we will also cover are:
What money is, how it comes into being.
What is a “Fiat” currency?
Are there restraints on “printing money”?
Are there counter opinions to the theory?
As such, this presentation introduces these important questions and concepts to our Humanist Community and the general public.
Carl Angotti is a longtime member of the Humanist Community. He is trained and worked as an Electronic Engineering Product Development Consultant in Silicon Valley for many years. He holds an BS from Carnegie-Mellon University and MS from USC in Electrical Engineering, and an MBA in Business from SJSU. His interest in Monetary Theory stems from his interest in the Stock Market and how it is impacted by Economics.
He is intrigued by the concept of Modern Monetary Theory and how it operates in the real world.
Greg Alexander is a longtime member of the Humanist Community, a member of the board since 2015, and our current Treasurer. He has a BS in Chemical Engineering and an MS in Chemical Engineering Practice from MIT, a PhD in Chemical Engineering from UC Berkeley, and a Certificate in Object Oriented Programming from UC Santa Cruz Extension. He became enthusiastic about Modern Monetary Theory upon reading “The Deficit Myth” and discovering how MMT challenges myths about federal fiscal policies and removes some of the barriers to meeting the needs of the American people.
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