3min chapter

Real Vision: Finance & Investing cover image

Unpacking Modern Monetary Theory w/ Warren Mosler

Real Vision: Finance & Investing

CHAPTER

The Fed's Unintended Increase in Deficits

The Fed increased deficit spending to something higher than the military budget without vote of Congress or anything else. It increases spending to fight inflation. This money interest goes only to people who already have money and in proportion to how much they already have. So it's the most obscenely regressive form of juicing the economy you could possibly imagine.

00:00

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode