

When it was announced that Mr. Carney would run for office, the first thing I did to find out about him was to watch a video of one of his recent speeches to a big business audience. There is no way he would think of MMT as acceptable. He’s a huge fan of the way things are, so we will keep spending a significant percentage of the government budget directly on satisfying the greed of the rentiers.













He wasn’t exactly sphynx-like in the speech I was thinking of. He spoke with eloquence, but directly and plainly. It did indeed seem clear that he sincerely believes that the existing banking system — which he had a hand in running for so long — operates in service of the public good.