#187 - Should We Stop Worrying About National Deficits?

Governments around the world have spent unprecedented sums — trillions of dollars — to combat the economic impacts of coronavirus. But just what does rising government debt mean for our future? A new crop of economists – adherents to Modern Monetary Theory – have a bold proposition: Don't worry about it. Stephanie Kelton, James Galbraith, Todd Buchholz, and Otmar Issing join us for a debate on national debt in our third episode of "That's Debatable," our new series presented in partnership with Bloomberg Media and sponsored by IBM.   A note from our sponsor: There’s nothing to lose from gaining a fresh perspective. IBM Watson® was built to help us look at an issue from all sides—from cultural debates to customer reviews. Using advanced natural language processing, Watson is making sense of data from a range of topics to help give us more informed perspectives, so we can make more informed decisions. See how Watson informs a human debate at ibm.com/debatable Learn more about your ad choices. Visit podcastchoices.com/adchoices