First, the bad news.

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We could get into a situation late summer where we are today in the fall and even into next year and

possibly beyond where we have the capacity to provide sustained fiscal support but

we let our fear of adding to the national debt or of large

deficits prevent us from doing what we could and should be doing. Welcome to the Barron Streetwise Podcast.

I'm Jack Howe.

The voice you just heard, that's Stephanie Kelton.

She's an economics professor at Stony Brook University and the informal leader of a movement called

Modern Monetary Theory, which says that government debt and deficits in the United States in particular

are less worrisome than they appear and that the government should spend much more to manage the economic downturn.

In a moment we'll hear more from

Stephanie Kelton and look at what our...

Oh my God, I'm sorry. It couldn't be alive. I take it there's some construction going on outside your home.

There is a major construction going on right outside my window.

Good, it's economic activity and that's exactly what we're looking for.

Let me continue.

In a moment, we'll hear more from Stephanie Kelton and look at what our pandemic spending might mean for the stock market.

...