Date: 2025-04-05 Page is: DBtxt003.php txt00025669
ECONOMIC ANALYSIS
STEPHANIE FELTON
Bloomberg Podcasts: Bloomberg Odd Lots.
Stephanie Kelton On MMT and the Inflation We're Seeing Today
STEPHANIE FELTON
Bloomberg Podcasts: Bloomberg Odd Lots.
Stephanie Kelton On MMT and the Inflation We're Seeing Today
Original article: https://www.youtube.com/watch?v=2Xl7RYT5Alk
Peter Burgess COMMENTARY
Peter Burgess
Bloomberg Podcasts
May 19, 2022
18.1K subscribers ... 5,372 views ... 123 likes
Odd Lots
For years, economists of the MMT school have been arguing that the way we think about deficits and government spending is all wrong. Whereas many people warn about the unsustainability of the national debt -- likening it to a household credit card bill -- the MMT view is that real resources are the constraint on government spending, and that inflation is the sign that real resources are being stretched. So what about now? We had substantial fiscal support during the pandemic, and now we have the highest inflation in over four decades. On this episode we speak with Stephanie Kelton, a leading proponent of MMT, a professor at Stony Brook, and the cohost of the Best New Ideas In Money podcast. We discuss the causes of the current inflation, and how to think about it through the MMT lens. This episode was recorded in Beverly Hills at the Milken Institute Global Conference.
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