System Dynamics and the Minsky Model with Tyrone Keynes

Steve's guest is Tyrone Keynes, a system dynamicist who specializes in modeling economic, health, and ecological systems. He explains how systems dynamics is valuable to the MMT community. Traditional economics basically ignores money, but MMT understands that money starts somewhere and ends somewhere. To analyze the economy, it’s important to know where the money is at a particular point in time. "If you don't know where the money is, what policy prescriptions can you leverage?"