Is MMT Real? #1: Stephanie Kelton

Modern Monetary Theory—three simple words that are tearing apart the left. Pete Davis and Sparky Abraham have spent the last few years feeling curious and confused about this highly contentious theory, which posits that the U.S. government can deficit spend much more than it currently believes it can. (Or maybe it doesn't posit that. We're not sure.) Together, they've decided to launch a new series, in which they will interview people across the spectrum of left economics, ask questions, admit what they don't know, and try and muddle through one of the most complex questions in the world of policy: is MMT real? Episode #1 in this special series is available here for free, and episodes two through five will be released to our Patreon subscribers throughout the week. In the near future, the series will be published on a separate feed, where it will be made available to all in full. But if you want to hear the series as soon as possible, you can do so by subscribing to our $5 tier at www.patreon.com/CurrentAffairs! This episode was edited by Dan Thorn of Pink Noise Studios in Somerville, MA.