If Deficits Don't Matter, Why Bother with Taxes?
Channel: The Nomad Economist
Date: 2021-03-26

If Deficits Don't Matter, Why Bother with Taxes?

On March 18, Joe Wiesenthal of Bloomberg Markets had MMT economist Stephanie Kelton on the show. If you’re not familiar with modern monetary theory, they think governments should print more money because deficits aren’t a big deal. At one point in the show, Wiesenthal asked, “If we don’t need to worry about deficits, why do we have taxes?” Kelton’s response was illuminating.



For the full transcript go to https://financearmageddon.blogspot.com
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