Economics

Virginia and Steve from Macro N Cheese Podcast/Real Progressives join Justin and Jeremy in a discussion of Modern Monetary Theory, how it can be used as a radicalizing tool, as well as what it means in the grand scheme of global economics.

The episode intro tries to summarize what modern monetary theory (MMT) is, but unfortunately somewhat flubs it by framing it in return on investment (ROI) terms.

Some relevant YouTube videos:

• The United States can always pay any debt it has because we can always print money to do that.
  — Former Fed. Res. Chair Alan Greenspan
• Why The Government Has Infinite Money
• Your Taxes Pay for Nothing
• What Caused Hyperinflation In Weimar, Zimbabwe And Venezuela?