Does inflation disprove Modern Monetary Theory?

Make Me Smart

Marketplace

News, Business

4.6 • 5.4K Ratings

🗓️ 1 June 2022

⏱️ 17 minutes

🔗️ Recording | iTunes | RSS

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Summary

Regular listeners of this podcast might recall an episode we did a few years back on Modern Monetary Theory. MMT is the economic theory that basically says a country that controls its own currency can’t go broke because it can always print more money. But with inflation at 8.3%, one listener is wondering whether rising prices disproves MMT. We call the expert on MMT to find out. Plus, we take your questions about how canceling student loan debt might affect the wealth gap, using a single world currency and the economic consequences if part of Oregon really secede to Idaho.

Here’s everything we talked about today:

Our episode on Modern Monetary Theory
“Ever heard of modern monetary theory?” from Marketplace
“Who would benefit the most from student debt relief?” from Marketplace
“One World, One Currency: Could It Work?” from Investopedia
“Greater Idaho proposal faces friction in early results Tuesday” from Oregon Public Radio

If you have a question for our hosts, email us at [email protected] or leave us a voice message at (508) 827-6278 or (508) U-B-SMART.

Transcript

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0:00.0	Oh man, good grief.
0:04.0	It's perfect timing though.
0:05.0	We barely got here.
0:07.0	Hey everybody, I'm Kyle.
0:08.0	We're just all welcome back to Make Me Smart.
0:09.0	Making today make sense is the thing we do when we're...
0:13.0	And I'm Kimberly Adams.
0:15.0	Recovering from my cold, which I understand was much more audible than I thought it was.
0:20.0	It's not COVID, I've had many tests.
0:22.0	Little tiny bit.
0:24.0	Little tiny bit.
0:25.0	Thank you for joining us for what you want to know Wednesday.
0:28.0	And that means it is time for us to answer your questions.
0:32.0	And if you've got a question you would like us to answer.
0:34.0	Or we'll find the answer too.
0:36.0	Actually you can email them to us at MakeMeSmart at Marketplace.org or leave us a voicemail.
0:40.0	Our number is 508 UB Smart.
0:43.0	And we do love those voicemails and voicememos.
0:46.0	And we have one of those now with our first question.
0:49.0	Hi, It makes me smart.
0:50.0	This is Peter.
0:51.0	I'm calling from the Columbus area out walking my dog by the Alan Creek Dam.
	...

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