Dr. Yeva Nersisyan, a professor of economics at Franklin and Marshall College, specializes in Modern Monetary Theory and financial instability. The discussion centers on the limits of traditional economic theories and the Federal Reserve's struggle with inflation. Nersisyan emphasizes the importance of job creation for economic stability and critiques the current funding model that prioritizes national security over social services. The conversation also investigates how understanding modern economic principles can reshape governmental fiscal policies for a healthier economy.

The Fed recently announced aggressive interest rate hikes and is signaling more to come. Its goal? To stabilize the economy amid surging inflation (reaching rates not seen in some 40 years) and lingering supply chain disruptions and shortages. But can the Fed actually manage a so-called "soft landing"?   Arguing "yes" is Dean Baker. Arguing "no" is Yeva Nersisyan. Emmy award-winning journalist John Donvan moderates.  Learn more about your ad choices. Visit podcastchoices.com/adchoices