2 chapters across the catalog
The hosts discuss Modern Monetary Theory (MMT) in the context of the $2 trillion COVID-19 stimulus, suggesting that the "template" for large-scale government spending has been set. They propose tangible reparations such as no-interest loans and tax-exempt status for the ADOS community. They argue that if the government can print money to fix a two-week shutdown, it can address the long-standing economic disadvantages of slavery's descendants.
Modern Monetary Theory (MMT) suggests that the United States can print unlimited currency without economic detriment, as seen with recent tax cuts and deficit spending. The discussion explores whether this theory could be applied to fund a trillion-dollar reparations package. While traditional economists warn of bubbles and unintended consequences, proponents argue that putting money directly into the hands of consumers would stimulate the economy without the need for traditional funding.
