Modern Monetary Theory: Can we afford it? Yes. Yes, we can.

Unf*cking The Republic

UNFTR Media

Government, News, Politics

4.9 • 683 Ratings

🗓️ 10 July 2021

⏱️ 52 minutes

🔗️ Recording | iTunes | RSS

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Summary

Few concepts get under the skin of traditional economists, Wall Street executives and academics as Modern Monetary Theory, or MMT. We’ve been building to this episode for quite a while in our examinations of the United States budget and it’s time to properly unf*ck this massively important economic concept. MMT posits the idea that any government that issues its own currency can run extraordinary deficits to finance basically anything without fear of negative monetary or fiscal consequences. In short, all of those wonderful progressive notions like universal healthcare, a federal jobs guarantee and food security are entirely possible without mortgaging our future.

Book Love

Stephanie Kelton- The Deficit Myth: Modern Monetary Theory and the Birth of the People's Economy: bookshop.org/a/23377/9781541736184

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Transcript

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0:00.0	Welcome back on fuckers and sub-fuckers. What up to Dan the man from Stony Brook, the place where
0:04.7	my other brother, Crin hung his hat at the university. My girl, Stephanie in Massachusetts, the good
0:09.6	people of Outagammy County and Queen Nettie, Stoddy in Michigan, Jacob the Swede,
0:13.4	Tracuchin the Canuck, M. Bustama, old Bobby McDee in Ireland, B. Barnes, G. Newton, Godolph, P. Slippery, and Derek R.
0:21.9	Before we get to today's episode, I'm pleased to reveal the results of this stupid
0:25.6	white guy Olympic survey from last week's Quickey. Honestly, I'm a bit surprised by the results,
0:30.8	mostly because this guy didn't win. Thanks, Lawrence. It is America, the land of the home
0:36.4	and freedom reigns.
0:38.9	For now it is.
0:43.4	The results from our judges are in and have been tabulated by Dominion.
0:47.2	Rudy Giuliani has already filed a petition, so the results are, of course, preliminary.
0:51.9	Our bronze medalist in the Stupid White Guy Olympics
0:54.3	was awarded to Georgia Governor Brian Kemp,
0:57.8	the king of voter suppression.
1:01.1	Our silver medalist in a hotly contested race
1:04.6	is none other than Florida Governor Ron DeSantis.
1:10.1	Which means our gold medal finalist in the Stupid White Guy
1:14.6	Olympic Trials, who will go on to represent the United States in this fictitious endeavor,
1:18.6	is the pride of Texas, Governor Greg Abbott.
1:25.6	How about a round of applause for each of our contestants who really worked their asses off to get to the podium?
1:34.8	Max, it looks like we have a controversy brewing.
1:38.1	Georgia Governor Kemp appears to be protesting the national anthem.
	...

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