What Deficit?

The video features a discussion on Modern Monetary Theory (MMT) with Stephanie, a leading thinker in the field. It covers the role of taxes, government spending, and the concept of federal borrowing and debt. The discussion also delves into inflation constraints, the job guarantee program, and the role of Congress in managing economic policies. The session concludes with audience questions, addressing concerns about geopolitical effects and the practicality of MMT in current economic frameworks.

What role does the Federal Reserve play in the context of government spending and economic management?

What historical examples are provided to illustrate the effects of government spending on the economy?

How does the speaker suggest that Congress's decisions impact economic stability?

In what ways does the speaker believe that the current approach to federal budgeting is flawed?