The Deadly Innocent MMT Debate - Blood $atellite

Dimes and Judas conduct an in-depth review Modern Monetary Theory, primarily citing “The 7 Deadly Innocent Frauds of Economic Policy” by Warren Mosler. Here Judas and Dimes investigate and even debate the existence of money, the role of taxes as a form of control, and the true nature of deficit spending in the interest of growth. Can fiat currency be used to fuel infinite growth with the right application?

Taken from Episode #229 – I am Become You, the Literally of Me.

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Timestamps:

06:51 – The Liberation of the Dollar from Gold

08:19 – Modern Monetary Theory Explained

09:59 – The Federal Government Does Not Rely on Taxes for Spending

14:29 – The Pensions Never Run Out

23:30 – Taxes as a Form of Spending Control

28:04 – Is Money Real?

42:13 – The Impossibility of Paying Off National Debt

48:33 – Warren Mosler’s Economic Policy Suggestions

52:42 – Mosler Automotive Design

55:07 – The Judas Take on MMT