In 2019, Modern Monetary Theory (MMT) moved from the fringes of mainstream economics to broadsheet discussions and the platforms of presidential candidates. The theory represents a fundamentally different approach to budget deficits, and its proponents argue that it could form the basis of a more just and prosperous society. How does MMT work, and would such an approach to government spending be sustainable? Stephanie Kelton—the leading voice on MMT—sits down for a conversation on an idea that could be central to the 2020 election debates.
Copies of Stephanie Kelton's latest book, The Deficit Myth, will be available for purchase and signing from the Book Cellar.