119 - The Economic Revolution is here

The David McWilliams Podcast

David McWilliams

News & Politics

4.6 • 643 Ratings

🗓️ 18 March 2021

⏱️ 49 minutes

🔗️ Recording | iTunes | RSS

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Summary

Joe Biden unveils a $1.9 trillion package and is saying he will spend more. This is a massive change - almost a revolution against economic orthodoxy - and we are on our way to MMT (Modern Monetary Theory). We talk to the main proponent of MMT: Professor Stephanie Kelton about this brave new world. We are in a transformative age. Welcome to the future!

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Transcript

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0:29.1	Conditions apply.
0:34.8	What in the world is happening on Wall Street?
0:37.1	Economic indicators. Who knows where this is going on Wall Street? Economic indicators.
0:38.7	Who knows where this is going to end up?
0:40.7	To understand the economy, you have to understand human nature.
0:46.8	This podcast is powered by ACAST.
0:52.6	How are you doing there?
0:53.9	It is the podcast.
0:55.8	We're trying to make the world,
0:57.5	well, the economical world,
0:59.0	that little bit more comprehensible
1:00.4	and applicable and credible for Mr. Davis.
1:05.0	How are you, head?
1:06.1	Like a bad out of hell
1:07.7	I'll be going on my income.
1:10.5	Oh.
1:12.5	Okay. So that is John.
1:14.5	By the way,
	...

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