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Bloomberg Surveillance: 'Enormous' Bond Market Volatility

Bloomberg Surveillance

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The Influence of Modern Monetary Theory (MMT) on the American Economics Debate

Stephanie Kelton discusses her book 'The Deficit Myth' and the concept of Modern Monetary Theory (MMT), explaining that the Fed's rate hikes are putting fiscal policy on autopilot, leading to a regressive fiscal stimulus. The speakers also highlight Congress's power to spend money and the need for responsible spending considering inflation risk.

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