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This is really nice, it's a podcast where a lovely young English girl asks about MMT and Stephanie Kelton and the Planet Money team answer her question. It's for beginners, but what lovely way to chill for half an hour. It was delightful!They described Stephenie Kelton as left-wing economist. She's lovely too!Episode 866: Modern Monetary TheorySome ideas seem too good to be true. Like this one. It comes from a 13-year-old listener named Amy. She says she knows the government has trouble finding enough money to pay for stuff like schools and hospitals. And she wondered if it has considered just printing more money. She asked us: Can the government do that? Just make more money to pay for stuff? Fiscal hawks say, 'no way!' We'd have crazy inflation! But there's a group of economists that
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This is really nice, it's a podcast where a lovely young English girl asks about MMT and Stephanie Kelton and the Planet Money team answer her question. It's for beginners, but what lovely way to chill for half an hour. It was delightful!This is really nice, it's a podcast where a lovely young English girl asks about MMT and Stephanie Kelton and the Planet Money team answer her question. It's for beginners, but what lovely way to chill for half an hour. It was delightful!They described Stephenie Kelton as left-wing economist. She's lovely too!Episode 866: Modern Monetary TheorySome ideas seem too good to be true. Like this one. It comes from a 13-year-old listener named Amy. She says she knows the government has trouble finding enough money to pay for stuff like schools and hospitals. And she wondered if it has considered just printing more money. She asked us: Can the government do that? Just make more money to pay for stuff? Fiscal hawks say, 'no way!' We'd have crazy inflation! But there's a group of economists that
Topics:
Mike Norman considers the following as important:
This could be interesting, too:
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They described Stephenie Kelton as left-wing economist. She's lovely too!
Episode 866: Modern Monetary Theory
Some ideas seem too good to be true. Like this one. It comes from a 13-year-old listener named Amy. She says she knows the government has trouble finding enough money to pay for stuff like schools and hospitals. And she wondered if it has considered just printing more money. She asked us: Can the government do that? Just make more money to pay for stuff?
Fiscal hawks say, 'no way!' We'd have crazy inflation! But there's a group of economists that says, 'yes, we can create way more money, without disaster. And pay for lots of stuff we want.' They are the proponents of what's called Modern Monetary Theory, or MMT. Their ideas are getting out there, they have the memes to prove it.
Today, we try to understand a school of thought that is flipping economic theory on its head. If you buy it, the whole idea of government spending, taxes, the nature of money changes, and, according to the theory, all we have to do is just open our eyes. It's a bit like staring at those optical illusions: First you see the faces, then, suddenly it's the goblet.