$23 T in Debt & Magic Monetary Theory, with Maya MacGuineas

Maya MacGuineas, head of the Committee for a Responsible Federal Budget, stopped by to help us pick apart Modern Monetary Theory, which is trendy again among certain members of Congress and presidential candidates. How are debts and deficits like termites in a basement? What are realistic paths toward a sustainable budget?

Maya MacGuineas is the president of the bipartisan Committee for a Responsible Federal Budget. Her areas of expertise include budget, tax, and economic policy. As a leading budget expert for the past twenty years and a political independent, she has worked closely with members of both parties and serves as a trusted resource on Capitol Hill. MacGuineas testifies regularly before Congress and has published broadly, including regularly in The Washington Post, The Wall Street Journal, The New York Times, The Financial Times, The Atlantic, and numerous other outlets.