Modern monetary theory has become one of the hottest topics in economics, and deeply analyzing its ideas has become more pressing than ever as we debate, in the middle of a pandemic, whether the government should be adding more debt to support the economy. On this episode of the Capitalisn’t podcast, hosts Bethany McLean and Luigi Zingales take a look at what MMT gets right, what it gets wrong, and how it should change our thinking. They enlist the help of John H. Cochrane, a senior fellow at the Hoover Institution and distinguished senior fellow at Chicago Booth, for additional clarity.

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