
Money for nothing?
Akimbo: A Podcast from Seth Godin
00:00
The Importance of Printing Money to Create Productivity
Modern monetary theory argues that printing money to pay for things like health care and education is actually fine, because it doesn't cause inflation. Because you haven't handed a million dollars to every person. What you've done is takin people who are under employed and made it so that they are acting productively. So what are the criticisms? Well, one of the criticisms is that it will lead to un ated territory, that we don't know what to do with multi trillion dollar debt. A bigger criticism is that governments have no discipline, and that once they start printing money, they won't be able to stop printing money.
Transcript
Play full episode