#7 Steven Hail: Inflation, Price Shocks And Other Misunderstandings

In this engaging discussion, Dr. Steven Hail, an MMT economist and author, demystifies where your tax money really goes—hint: it’s not funding government projects! He dives into the difference between inflation and price shocks, critiques traditional economic theories, and addresses the implications of Brexit on the UK economy. Hail highlights the misconceptions surrounding government debt and advocates for modern monetary policy as a path to economic stability, making economics both accessible and relatable.