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Solidarity LIVE! National debt and MMT: Why we CAN afford social programs, with Fadhel Kaboub episode artwork

EPISODE · Oct 13, 2020 · 49 MIN

Solidarity LIVE! National debt and MMT: Why we CAN afford social programs, with Fadhel Kaboub

from Incorruptible Mass · host Anna Callahan

Opposition to progressive programs such as Medicare For All or free college tuition generally involve the rhetorical "who's going to pay for it?" and complaints about increased taxes and deficits. But what if conventional economics is wrong about government spending, debt, and taxation? Modern Monetary Theory explains why taxes *aren't* what fund U.S. Federal Government programs, how money is actually created by government spending, why deficits don't matter in the way folks commonly think, and other reasons why we *can* have Medicare For All, free college tuition, etc., without necessarily raising taxes or deficits. Fadhel Kaboub, associate professor of economics at Denison University and President of the Global Institute For Sustainable Prosperity, explains.This is the audio portion of the Solidarity LIVE! interview streamed live on YouTube on October 8, 2020.

What this episode covers

Opposition to progressive programs such as Medicare For All or free college tuition generally involve the rhetorical "who's going to pay for it?" and complaints about increased taxes and deficits. But what if conventional economics is wrong about government spending, debt, and taxation? Modern Monetary Theory explains why taxes *aren't* what fund U.S. Federal Government programs, how money is actually created by government spending, why deficits don't matter in the way folks commonly think, a...

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Solidarity LIVE! National debt and MMT: Why we CAN afford social programs, with Fadhel Kaboub

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This episode is 49 minutes long.

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This episode was published on October 13, 2020.

What is this episode about?

Opposition to progressive programs such as Medicare For All or free college tuition generally involve the rhetorical "who's going to pay for it?" and complaints about increased taxes and deficits. But what if conventional economics is wrong about...

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