RABBITHOLE Is MMT Real? #9: Doug Henwood
Feb 15, 2022
Doug Henwood, creator of the Left Business Observer newsletter and host of Behind The News, debates the core principles and criticisms of Modern Monetary Theory (MMT). They explore the relationship between taxes, borrowing, and government spending, and discuss the impact of MMT on economics, the Green New Deal, and distributional conflicts. The speaker also critiques MMT for neglecting distributional issues and argues for the pursuit of socialist ideals.
Chapters
Transcript
Episode notes
1 2 3 4 5 6 7
Introduction
00:00 • 2min
The Debate over Modern Monetary Theory (MMT)
01:49 • 21min
Exploring the Relationship Between Taxes, Borrowing, and Government Spending
23:08 • 5min
Analyzing Modern Monetary Theory in Relation to Distributional Conflicts and Resources
28:37 • 13min
Real Side of the Economy and the Importance of Financing Investment Programs
41:58 • 6min
Running a Deficit Forever: Unsustainable and Concerning
47:48 • 8min
Criticism of Modern Monetary Theory and Advocacy for Socialist Ideals
55:23 • 3min