Ep. 220: An Inflated Sense of Inflation (w/ Stephanie Kelton)
To help us untangle the lies around inflation panic, the so-called “labor shortage,” and Build Back Better, Mike is joined by Professor of Economics and Public Policy at Stony Brook University, Stephanie Kelton. They also discuss why it is foolish for Democrats to place the fate of their agenda in the hands of the Congressional Budget Office, and what’s really going on with the economy, as capitalists attempt to keep a pool of workers chronically unemployed and underemployed and desperate for work.
Stephanie’s latest piece “Hate the Game” on her Substack:
https://stephaniekelton.substack.com/p/hate-the-game
Read her book, “The Deficit Myth: Modern Monetary Theory and the Birth of the People's Economy”
https://bookshop.org/a/1381/9781541736184
And check out Jon Schwarz’s piece in The Intercept about inflation:
https://theintercept.com/2021/11/10/inflation-economy-debt-milk-prices/
A Thanksgiving Episode Ask
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Indigo Girls - Closer to Fine
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