Today (August 9, 2024), MMTed releases Episode 3 in the Second Season of our Manga series – The Smith Family and their Adventures with Money. Have a bit of fun with it while learning Modern Monetary Theory (MMT) and circulate it to those who you think will benefit …
The Smith Family are a middle-class family living in a city somewhere in the world. The second-generation parents are university educated and have professional occupations. Their two kids attend the local public school.
In Season 1, we focused on the dynamics of the immediate Smith Family – Elizabeth, Ryan, Kevin and Emma – with some interaction from their friends.
In Season 2, the focus is on the school kids and their interactions with their new economics teacher Ms Allday and the unfolding economic recession that has damaged the community.
In Episode 3, Ryan comes home late and announces the devastating news that he is now one of the many workers who have been rendered jobless by the reckless austerity imposed by the government.
Ryan believed that Professor Noitawl’s claims that the government spending cutbacks were essential to reduce the fiscal deficit and get the ‘debt mountain’ down to sustainable levels.
That is, until the whole show turned pear-shaped and he became caught up in the rising unemployment.
The friction within the Smith Family mounts as the news that Ryan has lost his job starts to sink in.
There are doubts, denial and more.
If you think you resemble any of the characters then either continue spreading MMT knowledge or get our textbook and get up to speed, depending on which character you might identify with.
If you have any feedback we will appreciate it, other than ‘this sucks’.
The manga is available in both English and Japanese.
Next episode – Episode 4 – will be available on August 23, 2024.
That is enough for today!
(c) Copyright 2024 William Mitchell. All Rights Reserved.
