Interest-Rate Policy Is Backward, Modern Monetary Theory Pioneer Mosler Says

The video discusses the debate around Modern Monetary Theory (MMT), highlighting criticisms and support for the theory. Critics argue that MMT's approach to deficits and currency is flawed, while proponents like Warren Mosler explain its principles and potential policy options. The discussion covers interest rate policies, trade impacts, and the relationship between inflation and budget deficits, emphasizing the need for a reevaluation of current economic models.

What are the implications of interest rate policies as discussed in the text?

How does the speaker relate inflation to government spending?

What are the potential challenges of implementing the Green New Deal according to the text?