Hello and welcome to a very special episode of Slate Money, your guide to the business and finance

world that we live in.

I'm Felix Salmon of Axios. I'm here with Emily Peck of Huffpost.

Hello. I'm here with Anna Shimansky of Breaking Views.

Hello. And most excitingly because this is something I've kind of been dreaming of for a while now definitely over a year.

Professor Stephanie Kelton is with us and not only is she with us but she has a new book out.

So tell us what your book is and who you are and what you do.

So I'm Stephanie Kelton and I'm a professor of economics and public policy at Stony Brook University

where I teach courses in the economics department and in the Masters of Public Policy Administration

Program and I've got a book that just came out a little over a week ago that much to my

astonishment debuted at number 13 on the New York Times bestseller list.

Lucky 13.

I it is apparently for me a very lucky number so that's who I am and what I do and that's the book and the book is called

the deficit myth modern monetary theory and the birth of the people's economy.

And you are the most high-profile avatar of modern monetary theory or MMT as it's known.

So we are going to spend this whole episode talking about MMT

what it is, what it says, how it flips our understanding

of government finance in particular on its head and

whether we should just give up issuing government bonds at all right now and just drop money from helicopters onto the

economy. It's a fascinating conversation I can't wait to get stuck into it so

that is coming up on Slate Money.

So Stephanie, we have had probably more requests for this show than for any other topic that I can think of. Every couple of weeks or so we get a person or

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