

#32 Sam Levey: How Uncle Sam Paid For World War II (part 1)
Oct 2, 2019
In this conversation, scholar Sam Levey delves into his working paper on the U.S. Treasury during World War II. He unpacks how modern monetary theory informs our understanding of government spending, especially in times of conflict. The discussion highlights inflation management strategies and how historical practices can guide current economic issues, like the green new deal. Levey also examines the dynamics of saving versus spending during the war, while critiquing post-war economic transitions and the need for job guarantees in a changing economy.
Chapters
Transcript
Episode notes
1 2 3 4 5 6 7 8
Intro
00:00 • 3min
Exploring Modern Monetary Theory and Historical Insights
03:21 • 23min
Inflation and Conflict Theory
25:59 • 7min
War Financing and Inflation Management
32:35 • 6min
Saving Strategies during World War II: The Economics of War Efforts
38:27 • 3min
Understanding Bonds and Post-War Economic Challenges
41:16 • 4min
Navigating Job Guarantees in Economic Transitions
45:30 • 10min
Exploring American Suffering and Capitalism's Tough Love
55:29 • 2min