#023: Fiscal Cliffs and Inflation Shocks

Our guest week this week is Prof. Stephanie Kelton, Assistant Professor of Macroeconomics, Finance, and Money and Banking at the University of Missouri, Kansas City. We continue our exploration of Modern Monetary Theory, where we talk about full employment and the job guarantee, the fiscal cliff and the euro crisis, and the role of bond vigilantes and inflation, in times of energy crises.Professor Kelton writes regularly for the 'New Economic Perspectives' blog, where you can find some of the best heterodox economists on the planet posting their work.You can check it out here: http://neweconomicperspectives.org/Enjoy!