How Much Money Can We Print? - Warren Mosler, Modern Monetary Theory - DSPod #251

Warren Mosler is an economist, hedge fund manager, and proponent
of modern monetary theory, an economic model that posits fiscal
crises are caused by governments not spending enough money. From
Mosler’s perspective, the reversal of any recession starts with
getting very comfortable with deficit spending. Opponents argue
that unchecked spending eventually leads to inflation of the
currency and economic collapse, which Mosler argues is impossible
as long as you know how money actually works. We dive deep into
chartalism, the theory about the creation of money that sits at
the heart of MMT, lay out why deficit spending doesn’t have to
lead to inflation, and why the Federal Government’s checks will
never bounce. To read more about Modern Monetary Theory and
Mosler’s take on it, check out https://moslereconomics.com/ Sign
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Go! (00:03:05) Do interest rates actually influence inflation?
(00:11:36) Purpose of taxes is not what you think (00:19:26)
Economy as faith based activity (00:27:22) Feds have no idea
where money comes from? (00:37:33) Fed lacks tools to control
inflation (00:53:37) Interest at the Treasury is unnecessary
(01:07:00) Informed democracy & decision making (01:20:15)
Michael Hudson (01:25:11) Why are we poorer despite the GDP?
(01:41:53) Weimar repeat possible? (02:06:44) Threats from
external economies? (02:28:58) Oil demand can't be ignored
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