Debunking the Deficit Hysteria with Stephanie Kelton
Why Is This Happening? The Chris Hayes Podcast
00:00
Do Taxes and Bonds Finance Government?
I was convinced that in this little pamphlet that Warren had circulated all those years, you know, earlier, that he had taken some shortcuts and I thought it doesn't work like that. So I went through six months or so to write a paper explaining to Warren all the things that he had gotten badly wrong. He ended up with a really complicated paper that arrived at exactly the same place that Warren arrived at. And that actually is how, I guess in a sense, I came to MMT because I didn't go willingly. I had to persuade myself through cranking this stuff out that this logic was sound. If it sounds too easy, I think it's because, well, we've
Transcript
Play full episode
