#7 Steven Hail: Inflation, Price Shocks And Other Misunderstandings

Patricia and Christian chat with Dr Steven Hail, MMT economist and author of "Economics for Sustainable Prosperity" about where your money goes when you pay your taxes. Spoiler alert: nowhere! Also under discussion: the difference between price shocks and inflation, the irrational assumptions of orthodox economists and what might happen to foreign exchange rates after Brexit. Please help sustain this podcast! Patrons get early access to all episodes and patron-only episodes: https://www.patreon.com/MMTpodcast