YouTube has the video Dr. Fadhel Kaboub: MMT Insights for the Biden Administration.
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.
I have watched this entire video. It is an excellent presentation. Kaboub is one of the most effective proponents and explainers of Modern Money Theory. Kaboub has his own way of explaining MMT which you might find easier to understand than some of the other explanations I have posted.
The lecture part of this presentation is under 45 minutes. The there is a long Q & A session. The Q & A session is also very worth while to hear, but if you don’t have the time you could just do the first part and leave with many of your personal questions unanswered. It’s a matter of your personal priorities.
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