Monetary Theory

Stephanie Kelton (@StephanieKelton) joins Sam to discuss her new book, “The Deficit Myth: Modern Monetary Theory and the Birth of the People’s Economy.” To those who favor a robust welfare state bolstered by generous federal spending, “how are you going to pay for it?” is an all-too-familiar rejoinder. But what if that question were irrelevant? In […]
Steve Mnuchin reflects on lying to Americans about pushing for a large tax break for the wealthy. Stephanie Kelton (@StephanieKelton), a Professor of economics and public policy at Stoney Brooke University, explains the Bretton Woods system. Why leaving behind the Gold Standard creates policy flexibility. Why did Nixon take America out of the Gold Standard? […]