Episode 401
MMT Says Government Debt Makes Private Saving Possible
The Human Action Podcast · Mises Institute
June 23, 2023
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Show Notes
Mises Institute Fellow Patrick Newman joins Bob to discuss a recent tweet from Stephanie Kelton, which argued that the government's "red ink makes our black ink possible." Patrick and Bob point out that these MMT tautologies are very misleading at best. Patrick also lays out the argument in his journal article, saying that MMT's debt monetization won't cause a boom-bust cycle, but will still reduce living standards.
Topics
Monetary TheoryMoney and BanksOther Schools of ThoughtThe Fed