Macro N Cheese
Ep 261 - Mission: Inflation with Warren Mosler
Jan 27, 2024
Warren Mosler, an expert in Modern Monetary Theory (MMT), discusses key principles of MMT including government spending preceding taxation. The conversation also touches on rising fuel prices, the role of Saudi Arabia in setting oil prices, and the consequences of increasing interest rates on asset inflation and the housing market.
56:11
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Quick takeaways
- Inflation can occur due to supply chain disruptions and self-imposed factors like tariffs, emphasizing the need for a clear approach to address supply chain issues and reduce prices through investing in infrastructure and lowering tariffs.
- Interest rate hikes can contribute to inflated asset prices, highlighting the importance of addressing supply chain issues and investing in infrastructure to alleviate asset bubbles and promote economic stability.
Deep dives
Inflation and Monetary Theory
This podcast episode explores the concept of inflation and modern monetary theory (MMT). The speaker explains that inflation can occur due to supply chain disruptions and self-imposed factors like tariffs. They criticize the inconsistent agendas of policymakers and emphasize the need for a clear approach to address the supply chain issues and reduce prices. The potential solutions mentioned include investing in infrastructure to improve supply chains and lowering tariffs. The episode also discusses the impact of interest rate hikes and the allocation of wealth and assets in society. Overall, it highlights the importance of a consistent and coherent policy approach to address inflation and promote economic stability.
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