
#33 Sam Levey: How Uncle Sam Paid For World War II (part 2)
The MMT Podcast with Patricia Pino & Christian Reilly
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Understanding Modern Monetary Theory and Its Implications
This chapter explores the relationship between government deficits and private sector surpluses, dispelling common misconceptions about personal and overall savings. It delves into Modern Monetary Theory (MMT), emphasizing the abstract nature of money and reshaping perceptions of government spending, taxation, and economic management. The speakers highlight historical misunderstandings and their impact on public perception, illustrating the complexities of monetary policy in contemporary economics.
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