Dr. Fadhel Kaboub: MMT Insights for the Biden Administration
Channel: Ed Mays
Date: 2021-02-04

This week we take a deeper look into how Modern Monetary Theory impacts policy choices for the incoming Biden administration in an Interview with MMT economist Fadhel Kaboub.  A follow-up to Randy Mandell's recent talk [https://youtu.be/98WaVJFSMnM], we pose the question: Can the Biden administration achieve more ambitious and transformative goals?

While most policymakers believe that the federal government's spending capacity is limited by
tax revenues and borrowing capacity, MMT argues that our spending capacity is much larger
than that (but it's not unlimited). Professor Kaboub explains that the Biden administration can significantly expand its current spending plans without causing inflation, but only if we strategically invest in key sectors (healthcare, housing, energy, transportation, and higher education), if we tax and
regulate abusive market power, tackle corruption, and enforce the democratic principles of a
Government of, by, and for the People. 

Fadhel Kaboub is President of the Global Institute for Sustainable Prosperity and Associate
Professor of economics at Denison University. His research focuses on the Political Economy of
the Middle East and the fiscal and monetary policy dimensions of job creation programs. He is a
widely published author and his recent work has been presented at many prestigious
institutions including the Harvard Kennedy School of Government, Harvard Law School, Cornell
University, Columbia University, Sorbonne University, and the National University of Singapore.
Some of his recent media commentaries on employment, development, finance, and the
Middle East economies have appeared in the Financial Times, Al-Ahram Weekly, Radio France
Internationale, National Public Radio, New Inquiry, BBC Mundo, Carta Maior, Diwan TV, Saudi
Gazette, Le Quotidien, and La Presse.

Thanks to the Backbone Campaign
Recorded 1/25/21
See Also: 
www.backbonecampaign.org

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