Macro N Cheese

Ep 346 - MMT: Why Our Allies Ignore Us with Yeva Nersisyan

Informações:

Sinopsis

** You are invited to attend Macro ‘n Chill, our community building online gathering where we discuss the current episode of the podcast. Tuesday, September 23 at 8pm ET/5pm PT Click here to register. Our friend, MMT economist Yeva Nersisyan, joins Steve to discuss the struggle to communicate MMT's core principles in a media landscape filled with misinformation, including from those who should know better. They call some of them out by name and express disappointment when natural allies on the left reject modern monetary theory.  “At this point, you cannot just be MMT curious. You have to make up your mind, do you want the ‘scarce money’ framework? Is that the way you're going to view the world? Or do you view it through the MMT framework? Because there is no other option.” Yeva and Steve agree that MMT is not a political ideology but a crucial lens for understanding that a monetarily sovereign government is the creator of currency, which means scarcity is serving another purpose – eg, sup