The magic money tree
Should governments spend more money?
Business Daily · BBC World Service
May 16, 201919m 22s
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Show Notes
Should governments spend more money? 'Modern monetary theory' or MMT is gaining traction, particularly in the US. It says governments should worry less about balancing the books. Its detractors call it the 'magic money tree'. Manuela Saragosa speaks to hedge fund founder Warren Mosler - the man who first proposed MMT - and economist Frances Coppola about the criticisms facing the theory.
Producer: Laurence Knight
(Photo: a magic money tree, Credit: Getty Images)