Understanding Modern Monetary Theory (MMT)

Funny Money is a show about the economy, how it works, and how it can work better. This episode, Ka and Andrés are joined by Prof. Stephanie Kelton to discuss the Modern Monetary Theory (MMT) approach to public budgets and fiscal policy and it’s implication on government spending, the debt ceiling, social security, and inflation.

Guest Bio: Stephanie Kelton is Professor of Economics and Public Policy at Stony Brook University and author of the New York Times bestseller The Deficit Myth: Modern Monetary Theory and the Birth of the People’s Economy. Professor Kelton has worked in both academia and politics. She served as chief economist on the U.S. Senate Budget Committee (Democratic staff) in 2015 and as a senior economic adviser to Bernie Sanders’ 2016 and 2020 presidential campaigns. She is a regular commentator on national radio and broadcast television and co-host of MarketWatch’s weekly podcast The Best New Ideas In Money, and she publishes a weekly Substack newsletter called The Lens.

Visuals discussed in the episode: https://bit.ly/FunnyMoneyVisuals1
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