Its my Friday lay day blog. Today I have been recording interviews about Modern Monetary Theory (MMT) , which will eventually become part of our MMT Educational Resources site on the Internet that will be linked to the MMT textbook that we are finalising in the coming months. It is actuall quite hard trying to talk to a camera. But we completed the first session today and I will put up a taste of the material when it is edited and produced. We will get better at it as we gain more experience in video production techniques. It took my mind of the policy debate going on in Australia at the moment about the best way to reduce the fiscal deficit. No commentator (other than a few like myself) have the temerity to ask: Why are we actually aiming to reduce the fiscal deficit when there is more than 15 per cent of available workers underutilised in some way or another (unemployed or underemployed). That would be like sacrilege to the kool-aid drinkers within the neo-liberal policy Groupthink. Either side of politics is just locked into a debate about the ‘best’ way to accomplish the task. You expect such cant from the conservatives. But Australia is also being let down by our so-called progressive organisations. It is a world-wide disease – the ‘left’ (which is more right than the right used to be) are infested with neo-liberal macroeconomics that they cannot see how compromised their positions have become in the public debate. The filming this morning took my mind of that dilemma.