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3min chapter
What's wrong with MMT? ft. Eric Leeper & Ben Ritz
The New Liberal Podcast
Is There a Need for Automatic Stabilizers in Fiscal Policy?
'automatic stabilizers' are fiscal policies that adjust automatically, and don't require congress to act. 'It's pretty clear that you're not going to get a sustained mass if you knowthe they talk about programmes like a federal job's guarantee as an automatic stabilizer for demand,' he says. The idea of tax increases on working people at the time when their wages are being eroded by inflation is just not something that's feasible,. But what a campaign message, right? I know that inflation is eating away at your wages, but don't worry, i'm going to tax you more.
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