MMT Says Government Debt Makes Private Saving Possible
Mises Institute Fellow Patrick Newman joins Bob to discuss a recent tweet from Stephanie Kelton, which argued that the government's "red ink makes our black ink possible." Patrick and Bob point out that these MMT tautologies are very misleading at best. Patrick also lays out the argument in his journal article, saying that MMT's debt monetization won't cause a boom-bust cycle, but will still reduce living standards.
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Chapters
00:00 Introduction
01:34 MMT Uses the Bad Parts of Keynsianism
07:50 Are Government Deficits Linked to Non-Governmental Surpluses?
15:33 Austrian Argument vs. MMT Argument
23:26 MMTers say Gov't Deficits Don't Matter
33:27 Differences in New-Keynesian and MMT Theory
42:13 Downsides of Monetizing Deficits
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1:11:26
Mises Institute
11 months ago $0.05 earnedMMT's Warren Mosler Argues Fed Rate Hikes Cause Growth and Inflation
824 -
10:04
GeneralFinance
11 months agoHow Americans' Lack of Savings Could Impact Governments Financial Stability $1.3 Trillion handout
20 -
41:09
Patriot Radio News Hour
4 months ago🚨💰 Fed Expresses Concern Over Government Spending & Debt: A Closer Look at Hypocrisy? 💰🚨
29 -
7:11
Bullet Wealth
11 months agoFederal Control of Interest Rates: Beneficial or Harmful for the People? || Bullet Wealth
4 -
41:53
maneco64
8 months agoCBO Projects Public Debt to GDP Ratio of 766.9%!
7473 -
0:50
scottysb
7 months agoMonetized Citizens for National Debt
1 -
34:44
Leak Project
6 years agoUS Gov 107 Trillion Dollars in Debt - President JP Morgan Warns Stock Drop of 40% - Latest
42 -
12:09
Bullet Wealth
9 months agoGovernment Spending Crisis: The Alarming Truth || Bullet Wealth
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1:02
RealAmericasVoice
9 months agoThe Public Might Not Realize This About the Federal Reserve...
1.65K3 -
4:59
rcgeil
7 months agoMilton Friedman and our National Debt
16