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Ep 227 - Abolition with David Correia

Macro N Cheese

CHAPTER

The Importance of Monetary Theory in Economic Security

In Albuquerque, the city of 400,000 spends hundreds of millions of dollars on police and has thousands of cops. So what have all these cops done for us other than produce this unresolved insecurity we point to as the reason for having cops? That's hard of the way I do it when I'm invited. And so I wouldn't suggest just launching into that because it's difficult to do. But let's talk about modern monetary theory for a second since this is what you're interested in. It's the idea that manipulating interest rates by the Fed either increases or decreases the circulation of money in the economy.

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