What's wrong with MMT? ft. Eric Leeper & Ben Ritz

The New York Times declared a 'victory lap' for MMT - but is that justified? Ben Ritz and Eric Leeper join the show to discuss Modern Monetary Theory.  What exactly does MMT say, and why is it so hard to pin down MMT's advocates to a firm position? What does the current inflation mean for the theory, and why don't mainstream economists accept it? Ultimately, what's wrong with MMT? Check out the new report from PPI - https://www.progressivepolicy.org/wp-content/uploads/2022/02/PPI_Modern-Monetary-Theory-E.Leeper-02072022.pdf To make sure you hear every episode, join our Patreon at https://www.patreon.com/neoliberalproject. Patrons get access to exclusive bonus episodes, our sticker-of-the-month club, and our insider Slack.  Become a supporter today! Got questions for the Neoliberal Podcast?  Send them to [email protected] Follow us at: https://twitter.com/ne0liberal https://www.instagram.com/neoliberalproject/ https://www.facebook.com/groups/1930401007051265/   Join a local chapter at https://neoliberalproject.org/join