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Podcast: Open to Debate with David Moscrop
Episode: Who’s afraid of modern monetary theory?
Description: For as long as anyone can remember, talk about deficits and the debt have been central to political life. How much can we spend? On what? What are the trade-offs? What will it cost? I mean, what will it really cost. If politics is about choosing, if it is about, as the classic phrase goes, “Who gets what, when, and how?” then spending constraints are central to what makes it so.
But what if deficits and the debt did not induce the constraints we thought? Modern monetary theory invites us to think about money and government spending in a...