#32 Sam Levey: How Uncle Sam Paid For World War II (part 1)

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.