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Unpacking Modern Monetary Theory w/ Warren Mosler

Real Vision: Finance & Investing

CHAPTER

The Fed's Negative Impact on the Economy

There wasn't a single forecast a year ago that didn't say we'd be in recession today, right? Both sides have this belief that these rates are going to cause a recession. And if they don't, the Fed will keep raising it until they do cause a recession and it's going to be even worse. It's not really a fed rate hikes that are causing the recession. What is the cause of it then? Well, I look at the last recession, oh, hey, big one. Everybody just stayed home.

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