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Podcast: The Peter McCormack Show
Episode: Modern Monetary Theory with Stephanie Kelton - WBD246
Description: Location: Zoom Date: Wednesday 29th July Company: Stony Brook University Role: Professor of Economics and Public Policy With the abandonment of the gold standard in the early 20th century, there has been nothing to limit the amount of money a central bank can print, leading to a rapid rise in national debts. In the US debt alone, the national debt stands at $26.5 trillion, and the growth is accelerating. While conventional economic theory would suggest this ever-growing debt is dangerous as it can lead to uncontrollable rises in inflation and a devaluing of...