Debunking Modern Monetary Theory (MMT)

 

Old wine in new bottles, and it never tasted good.

MacroVoices #242 Stephanie Kelton on Modern Monetary Theory

 Link:

Erik Townsend and Patrick Ceresna welcome Stephanie Kelton to MacroVoices. Erik and Stephanie discuss:

Why using taxes to pay for government spending is a myth

If the government can print money, why are taxes still necessary?

What measures does MMT use to overcome inflation risk?

Debunking the myth that the future generation will have to pay for the current national debt

Risk of dilution in value of dollars due to government money printing

Constraints of MMT

Kevin Muir: MMT, Inflation, Stock Market Bubble, Japan