Opportunity Cost and MMT
Debunking Economics - the podcast
Modern Monetary Theory Revival of the Economy
If you had full employment, for example, if everybody in the country had a job, then you've got the question, how many about what do they do? So that becomes then a question. You will never get full employment of machinery. That's because you can't produce anything. The shortest recession in the history of America was the COVID recession, because so much money was pumped in by the government. It's bent the way out of it, and instantly full employment. We're not there yet but we're trying to get there. And yeah, how close to it are we?
00:00
Transcript
Play full episode
Remember Everything You Learn from Podcasts
Save insights instantly, chat with episodes, and build lasting knowledge - all powered by AI.
