Capital Account Season 1 Episode 132 Stephanie Kelton On Modern Monetary Theory's Goals for Full Employment and Government Deficits

Stephanie Kelton, economist and author of "The Deficit Myth", joins Capital Account to discuss Modern Monetary Theory's goals for full employment and government deficits. Kelton explains how government deficits are often misunderstood and misinterpreted, and how Modern Monetary Theory offers a different perspective on the role of deficits in the economy.

Throughout the episode, Kelton breaks down the key concepts of Modern Monetary Theory and why it's important to rethink how we understand government spending and deficits. She argues that full employment should be the primary goal of economic policy, rather than just reducing deficits.

Kelton also addresses common criticisms of Modern Monetary Theory, such as concerns about inflation, and explains why these critiques are often misguided. She discusses how Modern Monetary Theory can be applied in practice, and offers examples of how government spending can be used to create jobs and boost the economy.

Overall, this episode offers a thought-provoking exploration of Modern Monetary Theory and its potential impact on the economy. Whether you're an economist or just interested in learning more about how government deficits work, this episode is a must-watch.