Australian Capital Territory


National Young Economists event: An Introduction to the MMT Debate - ONLINE ONLY


From: Tuesday April 21, 2020, 7:30 pm

To: Tuesday April 21, 2020, 9:00 pm

National Young Economists event

An Introduction to the MMT Debate: Why Deficits Matter (But the COVID Debt Doesn’t), with Dr. Steven Hail

Growing debates* surrounding modern monetary theory (MMT) before the outbreak of COVID-19 have exploded with the onset of the pandemic, as governments unleash fiscal and monetary stimulus on an unprecedented scale to contain the economic fallout.

As conflict rages over how governments should pay for it, MMT economists have offered the most unconventional argument of all: the stimulus has already been paid for in the same way, they argue, every federal budget is always paid for: by keystrokes at the central bank.

Join the University of Adelaide’s Dr. Steven Hail to discuss why deficits still matter, why federal debt possibly doesn’t, why government deficits equal non-government surpluses, and the theoretical underpinnings of endogenous money, reserve accounting and heterodox macroeconomics.

Event Details:

Date:         Tuesday 21 April 2020
Time:         7.30pm - 9:00pm AEST
Location:  ZOOM - the zoom link will be sent to you on registration   
Cost:         Free - Members and Non-Members are welcome
Register:   ASAP! 

Speaker details: 


Henry Dr. Steven Hail is a lecturer in international finance and macroeconomics at the University of Adelaide’s School of Economics, where he co-founded and served as inaugural College Director of the Kaplan Business School. He received his BSc and MSc in economics from the London School of Economics (LSE) and his doctorate from Flinders University. He had an extensive career training investment, commercial and central bankers in the City of London, including staff at the Bank of England and the United Kingdom’s largest private financial institutions, prior to entering academia. He is the author of Economics for Sustainable Prosperity, published in 2018 by Palgrave Macmillan.                         

*See January’s Kenneth Rogoff-James Galbraith debate and February’s debate between Stephanie Kelton and Allianz Chief Economist Mohamed El-Erian on the topic.



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