#398 w/Allison Schrager - "The Horrible, No Good Economy: A Primer”
The Fifth Column
Is There a Fringe?
Alison Wasser: We make fun of modern monetary theory, but to some extent, everyone kind of bought it. She says even mainstream professors were very into this idea that interest rates would be low forever and inflation was something we'd conquered. "I don't know exactly when it will be that the borrowing cost on an annual basis in the federal government eclipses the military budget," she says. 'It's going to happen soon'
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