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)

Taking Trump’s corruption seriously

Taking Trump’s corruption seriously

The question of whether President Trump colluded with Russia during the 2016 election has consumed Washington since the Justice Department appointed Robert Mueller special counsel in March 2017. But t...

2 Elo 20181h 5min

The surprising story of how American politics polarized

The surprising story of how American politics polarized

We talk a lot on this podcast about the epic levels of political polarization and how much of our ongoing breakdown they explain. But what was American politics like before it was polarized? And what ...

30 Heinä 20181h 5min

The most important idea for understanding American politics in 2018

The most important idea for understanding American politics in 2018

America is changing. A majority of infants are, for the first time in US history, nonwhite — and the rest of the population is expected to follow suit in the coming decades. The number of religiously ...

23 Heinä 20181h 17min

What economists and politicians get wrong about trade

What economists and politicians get wrong about trade

For decades, Harvard’s Dani Rodrik has been a lonely voice in the economics profession warning that the academics were getting this one wrong. Trade is not an unalloyed good; “globalization would deep...

19 Heinä 201858min

How to disagree better

How to disagree better

Arthur Brooks is the president of the American Enterprise Institute, one of Washington’s most respected and powerful conservative think tanks. He’s also launching a new podcast, The Arthur Brooks Show...

16 Heinä 20181h 38min

Jaron Lanier’s case for deleting social media right now

Jaron Lanier’s case for deleting social media right now

During my book leave, I took a social media sabbatical. No reading Facebook. No reading Twitter. And you know what? It was great. I felt able to think more clearly, and listen more closely, than had b...

9 Heinä 20181h 20min

The most clarifying conversation I’ve had about Trump and Russia (part 2)

The most clarifying conversation I’ve had about Trump and Russia (part 2)

What have we actually learned about Donald Trump’s ties to Russia, and his administration’s efforts to cover those ties up? What role did Russia really play in the 2016 election? And what are special ...

5 Heinä 20181h 9min

The Supreme Court vs. Democracy

The Supreme Court vs. Democracy

If 75,000 votes in Michigan, Wisconsin, and Pennsylvania had tipped the other way, President Hillary Clinton would’ve named both Antonin Scalia and Anthony Kennedy’s replacements. But they didn’t. And...

2 Heinä 20181h 7min

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