Few concepts get under the skin of traditional economists, Wall Street executives and academics as Modern Monetary Theory, or MMT. We’ve been building to this episode for quite a while in our examinations of the United States budget and it’s time to properly unf*ck this massively important economic concept. MMT posits the idea that any government that issues its own currency can run extraordinary deficits to finance basically anything without fear of negative monetary or fiscal consequences. In short, all of those wonderful progressive notions like universal healthcare, a federal jobs guarantee and food security are entirely possible without mortgaging our future.
Stephanie Kelton- The Deficit Myth: Modern Monetary Theory and the Birth of the People's Economy: bookshop.org/a/23377/9781541736184
UNFTR Economics Playlist: spoti.fi/3yH2O9Z
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Unf*cking the Republic is produced and engineered by Manny Faces Media (mannyfacesmedia.com). Original music is by Tom McGovern (tommcgovern.com). The show is written and hosted by Bill and distributed by Ted.
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