Modern Monetary Theory. Understanding "MMT"
Modern Monetary Theory is a controversial economic theory that essentially states that large, stable, currency-sovereign nations can run large deficits over sustained periods to fund everything from military and infrastructure spending to social welfare programs - without inducing rampant inflation. There's more to it than that, but that's the basic underlying principle. Today's episode examines MMT in the context of the U.S. debt and deficits.
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Unf*cking the Republic (UNFTR for short) is a longform podcast that covers U.S. politics through a progressive socioeconomic lens. Each episode is a deep and delicious audio dive into a particular subject that helps explain how we arrived in Bizarro America, the funhouse mirror version of what was originally intended. The UNFTR YouTube channel is designed to break some of these larger concepts into smaller more digestible pieces.
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