#21 Warren Mosler: The MMT Money Story (part 2)

In a thought-provoking conversation, Warren Mosler, the Father of Modern Monetary Theory, delves into pressing economic topics. He addresses the intricacies of student debt cancellation and its fiscal impact. Mosler critiques the comparison between student debt and bank bailouts, while also exploring the dynamics of cryptocurrency. The discussion shifts to the differences between Universal Basic Income and job guarantees, emphasizing the government’s role in employment. He further clarifies myths about trade deficits and floating exchange rates, advocating for a nuanced understanding of economic systems.