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)

Al Franken on learning to be a politician

Al Franken on learning to be a politician

Sen. Al Franken’s new book, Al Franken, Giant of the Senate, is the rare politician memoir that’s actually interesting. And note that I said interesting, not funny (though it is also funny).Most books...

20 Jun 201756min

Zephyr Teachout on suing Trump, fighting corruption, and breaking monopolies

Zephyr Teachout on suing Trump, fighting corruption, and breaking monopolies

Zephyr Teachout is a law professor at Fordham University, the author of Corruption in America, one of the lead lawyers in the emoluments case that’s been brought against Donald Trump, and a former gub...

13 Jun 20171h 32min

Masha Gessen offers a plausible Trump-Russia theory

Masha Gessen offers a plausible Trump-Russia theory

Masha Gessen is a Russian-American journalist and the author of, among other books, The Man Without a Face: The Unlikely Rise of Vladimir Putin. Since the election, she has been analyzing Donald Trump...

6 Jun 20171h 6min

Kwame Anthony Appiah on cosmopolitanism

Kwame Anthony Appiah on cosmopolitanism

Few words are as reviled in American politics as “cosmopolitan.” The term invokes sneering, urban, elite condescension. It’s those smug cosmopolitans who led to Donald Trump’s election. It’s those roo...

30 Mai 20171h 7min

Yascha Mounk: Is Trump’s incompetence saving us from his illiberalism?

Yascha Mounk: Is Trump’s incompetence saving us from his illiberalism?

Yascha Mounk is a Lecturer on Government at Harvard University, a Fellow in the Political Reform Program at New America, and host of the podcast, The Good Fight. He’s also the author of some of the sc...

23 Mai 20171h 34min

Bryan Stevenson on why the opposite of poverty isn’t wealth, but justice

Bryan Stevenson on why the opposite of poverty isn’t wealth, but justice

Bryan Stevenson is the founder and executive director of the Equal Justice Initiative. He and his staff have won reversals, relief, or release for more than 115 wrongly convicted prisoners on death ro...

16 Mai 20171h 33min

Death, Sex, and Money’s Anna Sale on bringing empathy to politics

Death, Sex, and Money’s Anna Sale on bringing empathy to politics

There’s much talk of “empathy” in today’s politics, but it’s a cramped, weaponized form of empathy — an empathy designed to force us to grudgingly tolerate each other, or an empathy used to explain aw...

9 Mai 201753min

Cory Booker returns, live, to talk trust, Trump, and basic incomes

Cory Booker returns, live, to talk trust, Trump, and basic incomes

Senator Cory Booker is back! In this special live episode of The Ezra Klein Show — taped at Vox Conversations — Booker and I dig into America’s crisis of trust. Faith in both political figures and pol...

4 Mai 20171h 11min

Populært innen Politikk og nyheter

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