Why should we care about deficits?

Why should we care about deficits?

Stony Brook University’s Stephanie Kelton is the most influential proponent of Modern Monetary Theory, a heterodox take on government budgets that urges a focus on inflation, rather than deficits. Jason Furman was President Barack Obama’s chief economist, and while he’s firmly in the economic mainstream, he’s been pushing his colleagues to recognize that the economy has changed in ways that make our debt levels less worrying. I asked the two of them to join the podcast together because I wanted to understand some questions at the intersection of their competing theories. Should we worry about government deficits, and if so, when? Does MMT actually offer a free lunch, or is it just a different way of calculating the bill? When can the Federal Reserve print money without triggering inflation? How would an administration that followed MMT actually diverge from what we've seen in the past? Why did so many mainstream economists make such bad predictions about deficits after the financial crisis? And does Medicare-for-all actually need to be paid for? This is a weedsy conversation about one of the most important questions in American governance. Enjoy! Book Recommendations: Thick: And Other Essays by Tressie McMillan Cottom Understanding Modern Money: The Key to Full Employment and Price Stabilityby L. Randall Wray Saving Capitalism from the Capitalists by Raghuram G. Rajan The Worldly Philosophers by Robert L. Heilbroner Learn more about your ad choices. Visit podcastchoices.com/adchoices

Tämä jakso on lisätty Podme-palveluun avoimen RSS-syötteen kautta eikä se ole Podmen omaa tuotantoa. Siksi jakso saattaa sisältää mainontaa.

Jaksot(766)

David French on “The Great White Culture War"

David French on “The Great White Culture War"

David French is a senior writer for National Review and one of the conservatives I read most closely. About a month ago, he published an interesting column responding to some things I had said, and to...

10 Syys 20181h 33min

Your attention is being hijacked. Chris Bailey can help.

Your attention is being hijacked. Chris Bailey can help.

Life is the sum focus of what you pay attention to. You hear that a lot. But look at the verb there: “pay” attention to. As if attention is something we consciously spend out. As if it’s something we ...

4 Syys 20181h 5min

Anand Giridharadas on the elite charade of changing the world

Anand Giridharadas on the elite charade of changing the world

“How can there be anything wrong with trying to do good?” asks Anand Giridharadas in his new book, Winners Take All. “The answer may be: when the good is an accomplice to even greater, if more invisib...

30 Elo 20181h 33min

I build a world with fantasy master N.K. Jemisin

I build a world with fantasy master N.K. Jemisin

I’m just going to say it. This may be the most fun I’ve ever had on a podcast. Nora Jemisin — better known by her pen name, N.K. Jemisin — just won the Hugo Award for best novel for the third year in ...

27 Elo 20181h 23min

Reup: Zephyr Teachout vs. Corruption

Reup: Zephyr Teachout vs. Corruption

Zephyr Teachout is a law professor at Fordham University and one of the nation’s foremost experts on political corruption. She’s also, after a glowing New York Times endorsement this week, arguably th...

24 Elo 20181h 32min

Is our economy totally screwed? Andrew Yang and I debate.

Is our economy totally screwed? Andrew Yang and I debate.

"The future without jobs will come to resemble either the cultivated benevolence of Star Trek or the desperate scramble for resources of Mad Max,” writes Andrew Yang. Well then. Yang is the founder of...

20 Elo 20181h 12min

Chef Marcus Samuelsson on immigration, creativity, and Anthony Bourdain

Chef Marcus Samuelsson on immigration, creativity, and Anthony Bourdain

Marcus Samuelsson is the Michelin-starred chef behind Harlem’s The Red Rooster an award-winning cookbook author,the winner of the first season of Top Chef: Masters, ;nd the host of No Passport Require...

13 Elo 20181h 12min

Why online politics gets so extreme so fast

Why online politics gets so extreme so fast

During the 2016 campaign, Zeynep Tufekci was watching videos of Donald Trump rallies on YouTube. But then, she writes, she "noticed something peculiar. YouTube started to recommend and ‘autoplay' vide...

6 Elo 20181h 6min

Suosittua kategoriassa Politiikka ja uutiset

uutiscast
aikalisa
politiikan-puskaradio
ootsa-kuullut-tasta-2
viisupodi
rss-ootsa-kuullut-tasta
tervo-halme
rss-vaalirankkurit-podcast
the-ulkopolitist
rss-podme-livebox
rss-asiastudio
rss-pinnalla
otetaan-yhdet
et-sa-noin-voi-sanoo-esittaa
aihe
rss-ulkopoditiikkaa
rikosmyytit
yksilla-raahessa-podcast
rss-sanna-ukkola-show-verkkouutiset
rss-girls-finish-f1rst