Modern Monetary Theory: Can we afford it? Yes. Yes, we can.

Few concepts get under the skin of traditional economists, Wall Street executives and academics as Modern Monetary Theory, or MMT. We’ve been building to this episode for quite a while in our examinations of the United States budget and it’s time to properly unf*ck this massively important economic concept. MMT posits the idea that any government that issues its own currency can run extraordinary deficits to finance basically anything without fear of negative monetary or fiscal consequences. In short, all of those wonderful progressive notions like universal healthcare, a federal jobs guarantee and food security are entirely possible without mortgaging our future.

Book Love

Stephanie Kelton- The Deficit Myth: Modern Monetary Theory and the Birth of the People's Economy: bookshop.org/a/23377/9781541736184

Pod Love

UNFTR Economics Playlist: spoti.fi/3yH2O9Z

--

If you like #UNFTR, please leave us a rating and review on Apple Podcasts: unftr.com/rate and follow us on Facebook, Twitter and Instagram at @UNFTRpod. Visit us online at unftr.com.

Buy yourself some Unf*cking Coffee at shop.unftr.com.

Subscribe to Unf*cking The Republic on Substack at unftr.substack.com to get the essays these episode are framed around sent to your inbox every week.

Visit our bookshop.org page at bookshop.org/shop/UNFTRpod to find the full UNFTR book list.

Access the UNFTR Musicless feed by following the instructions at unftr.com/accessibility.

Unf*cking the Republic is produced and engineered by Manny Faces Media (mannyfacesmedia.com). Original music is by Tom McGovern (tommcgovern.com). The show is written and hosted by Bill and distributed by Ted.

Podcast art description: Image of the US Constitution ripped in the middle revealing white text on a blue background that says, ‘Unf*cking the Republic.’ 

Support the show: https://www.unftr.com/memberships

See omnystudio.com/listener for privacy information.