Why Is This Happening? The Chris Hayes Podcast cover image

Debunking the Deficit Hysteria with Stephanie Kelton

Why Is This Happening? The Chris Hayes Podcast

00:00

Financing - Is There a Revenue Constraint?

Timothy Stanley: MMT is about replacing perceived revenue constraint tax dollars with an inflation constraint. He says if you try to push things too far and go after resources that somebody else is already using, you're going to create dislocations and problems in the economy. Stanley: The government can do that by offering to employ people by giving contracts or building infrastructure. "It's essentially the government not doing things that productively increase the productivity frontier of real capacity"

Transcript
Play full episode

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!
App store bannerPlay store banner
Get the app