Warren Mosler: Modern Monetary Theory

Gridlock Break

Warren Mosler is an economist and the father of Modern Monetary Theory. His best-known contention is that a sovereign government operating in an environment without fixed exchange rates can never become “insolvent” because they can always provide more of their currency to pay their debts. It leads to the conclusion that budget deficits and government borrowing are not in and of themselves causes for concerns. It’s a controversial view that challenges most conventional economic thinking. In this episode, Mosler discusses his ideas and how they apply to the most important debates playing out in DC.

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