Finance & Fury Podcast

Welcome to Finance and Fury, the Furious Friday edition. Today is more a Say What Wednesday episode, I need to catch up on some of your questions and this one fits in nicely. This is a question I got from Ross about rethinking monetary policy. “Am currently reading Stephanie Kelton’s book the deficit myth. As she is a proponent of MMT Explaining her perception of debt inflation. And the role of government in the way money is distributed in the economy. As well as the way taxes are used to incentives behaviour rather than just a means for revenue. She makes a point that when nearing low unemployment, wages should rise and then consequentially so should inflation. She argues that the feds decision of how much slack should be allowed in the economy is often misguided, and basically says that monetary economist demand that unemployment is necessary. Which leaves a winners and loses overview of the overall economy. So to ensure we don’t pay too much for anything people have to be unemployed. How can this be morall