Stephanie Kelton on How MMT Won the Fiscal Policy Debate

2021-03-18 · 54 min · 14 entities

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→ appeared on Odd Lots podcast

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Stephanie Kelton on How MMT Won the Fiscal Policy Debate
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Feed category: Business
mentioned Investing concept

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Feed category: Investing
mentioned News Commentary concept

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evidence rules-v4
Feed category: News Commentary
mentioned Business News concept

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Feed category: Business News
discusses Business concept

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evidence rules-v4
Feed category: Business
discusses News concept

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evidence rules-v4
Feed category: News
discusses Investing concept

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evidence rules-v4
Feed category: Investing
discusses News Commentary concept

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evidence rules-v4
Feed category: News Commentary
discusses Business News concept

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Feed category: Business News
mentioned MMT concept

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MMT

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mentioned Bloomberg company

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hosted by Bloomberg company

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Feed author/publisher: Bloomberg

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Stephanie Kelton on How MMT Won the Fiscal Policy Debate

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appeared on Odd Lots podcast

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evidence rules-v4
Stephanie Kelton on How MMT Won the Fiscal Policy Debate

Episode description as stored

In a sense, Modern Monetary Theory has won. This is not because policy measures are necessarily in line with what MMT adherents would prescribe. Rather, the debate over economic policy, in particular fiscal policy, is happening on MMT terms. MMTers argue that the constraint on government spending is inflation and real resources -- not credit risk -- and that's exactly how even the critics of the stimulus bill have attacked it, that it will be inflationary. So how has the debate around fiscal policy changed so much over the last several years? Much of the credit goes to Stephanie Kelton, the MMT economist and author of the best-selling book The Deficit Myth . On this episode, we talk about their success. See omnystudio.com/listener for privacy information.