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

Denne episoden er hentet fra en åpen RSS-feed og er ikke publisert av Podme. Den kan derfor inneholde annonser.

Episoder(766)

Ta-Nehisi Coates is not here to comfort you

Ta-Nehisi Coates is not here to comfort you

“It’s important to remember the inconsequence of one’s talent and hard work and the incredible and unmatched sway of luck and fate,” writes Ta-Nehisi Coates in his new book, We Were Eight Years in Pow...

9 Okt 20171h 11min

How the Republican Party created Donald Trump

How the Republican Party created Donald Trump

Thomas Mann and Norman Ornstein have studied American politics for more than three decades. They are the town’s go-to experts on the workings of Congress. In 2012, they rocked Washington when they pub...

2 Okt 20171h 49min

Reihan Salam wants to remake the Republican Party -- again

Reihan Salam wants to remake the Republican Party -- again

In 2008, Reihan Salam co-wrote Grand New Party: How Republicans Can Win the Working Class and Save the American Dream with his frequent collaborator Ross Douthat. After nearly eight years of President...

25 Sep 20171h 19min

David Remnick on journalism in the Trump era and why he hires obsessives

David Remnick on journalism in the Trump era and why he hires obsessives

For the past 19 years, David Remnick has been the editor of the New Yorker, perhaps the greatest magazine in the English language. Under his leadership, the New Yorker has received 149 nominations for...

19 Sep 20171h 26min

What Hillary Clinton really thinks

What Hillary Clinton really thinks

On page 239 of What Happened, Hillary Clinton reveals that she almost ran a very different campaign in 2016. Before announcing for president, she read Peter Barnes’s book With Liberty and Dividends fo...

12 Sep 201758min

Dan Rather thought he'd seen it all. But then came President Trump.

Dan Rather thought he'd seen it all. But then came President Trump.

Dan Rather has covered the most momentous events of the modern era. He was in Dallas, Texas, during President Kennedy's assassination. He was in Vietnam, embedded with US troops, in 1965 and 1966. He ...

5 Sep 20171h 9min

From 4Chan to Charlottesville: where the alt-right came from, and where it's going

From 4Chan to Charlottesville: where the alt-right came from, and where it's going

Angela Nagle spent the better part of the past decade in the darkest corners of the internet, learning how online subcultures emerge and thrive on forums like 4chan and Tumblr. The result is her fanta...

29 Aug 20171h 27min

Why prosecutors, not cops, are the keys to criminal justice reform

Why prosecutors, not cops, are the keys to criminal justice reform

Angela J. Davis is the former director of the DC public defender service, a professor of law at American University, and editor of a remarkable new book titled Policing the Black Man, which pulls toge...

22 Aug 20171h 17min

Populært innen Politikk og nyheter

giver-og-gjengen-vg
aftenpodden
aftenpodden-usa
forklart
stopp-verden
popradet
fotballpodden-2
lydartikler-fra-aftenposten
rss-gukild-johaug
dine-penger-pengeradet
det-store-bildet
hanna-de-heldige
rss-espen-lee-usensurert
nokon-ma-ga
rss-ness
aftenbla-bla
grasoner-den-nye-kalde-krigen
rss-dannet-uten-piano
e24-podden
rss-penger-polser-og-politikk