Sam Levey

In this engaging conversation, Sam Levey, a scholar focusing on Modern Monetary Theory, dives into his research on how the U.S. financed World War II. He unveils the shift from the gold standard, dissecting misconceptions around war bonds and government spending. Sam explains the implications of MMT on current economic policies, including Universal Basic Income and job guarantees, and emphasizes the importance of empathy across political divides. His insights offer a fresh perspective on fiscal policy and community activism in shaping our economic future.

In this engaging discussion, guest Sam Levey, a research scholar at the Global Institute for Sustainable Prosperity, dives into the complexities of endogenous versus exogenous money creation. He clarifies misconceptions about how currency value is shaped by government actions and banking practices. The conversation critiques traditional monetary policies, explores historical methods of debt recording, and highlights the role of central banks in maintaining liquidity. Levey also touches on tax justice and the implications of Modern Monetary Theory for economic stability.

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.