"The truth about the budget" with Bill Mitchell

We’ve been told that the federal budget is like a household budget. But what if that’s not true? What would economic policy look like if there were no financial constraints on government spending?Modern Monetary Theory offers a transformative lens through which to view the economy. Contrary to the claims of critics, MMT identifies very clear limits on government spending – they’re just not the limits politicians, commentators, and mainstream economists are talking about.Professor Bill Mitchell joins Sam to discuss common misconceptions of MMT, the disconnect between economists and the general public, and how the government can responsibly combat inflation while ensuring that everyone has guaranteed access to a job. Get full access to Concept Economy at samkellahan.substack.com/subscribe