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Steven Hail

Steven is an Associate Professor at Torrens University. As a modern monetary theorist, he believes myths and misconceptions about public finance in countries like New Zealand and Australia stand in the way of better economic policies.

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Latest Issues

A One-Day MMT Seminar in Stockholm

FROM AUSTERITY TO RESILIENCE - HOW WE CAN BUILD A BETTER ECONOMY

English translation

Translated from a Swedish-language report relating to the 27 June 2026 Stockholm event. Translation facilitated using AI.

The report was published by th...

a month ago
9

What do these people have in common?

  1. Australian rugby international, Adam Magro.

  2. Fremantle Dockers AFL player, Bailey Banfield.

  3. Professional footballer, Ciaran McKenna.

  4. Opera singer, Jarno Lehtola.

  5. Comedian and musician, Christian Reilly.

  6. Best-selling au...

a month ago
15

When Kenneth Rogoff published an interesting result - about exchange rates

I sometimes mention the Meese-Rogoff result from 1983, where two prominent (now, if not then, later) neoclassical economists reluctantly admitted that no neoclassical exchange rate theory was of any use at all in forecasting movements in ex...

3 months ago
7

How should we think about inflation?

In private conversations, economists from the dominant New Keynesian branch of the neoclassical school will often accept that they have no reliable model of inflation.

Thanks for reading! Subscribe for free to receive new posts and support...

4 months ago
36
3

MMT versus Austrians and Neoclassicals

I have been asked next month to participate in a debate about the value of modern monetary theory as a frame for thinking about economic issues. To get into the right frame of mind, I have watched videos of three debates involving prominent...

4 months ago
18
11

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  • Steven Hail

    Steven is an Associate Professor at Torrens University. As a modern monetary theorist, he believes myths and misconceptions about public finance in countries like New Zealand and Australia stand in the way of better economic policies.

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