Progressives view all aspects of human life as a struggle against forces of oppression. Earlier this week on BBC, Professor Mariana Mazzucato suggested governments across the West should simply print money not only to help Ukraine, but also to finance other “wars” against climate change, inequality, and more. Should national treasuries essentially adopt a permanent wartime footing and print far more money, as Mazzucato and Warren Mosler recommend? Hint: Jeff and Bob say “No.”
Jeff’s article “A Permanent Wartime Economy”: https://Mises.org/HAP386a
Bob’s debate with Warren Mosler: https://Mises.org/HAP386b
Bob’s article in The American Conservative on the Greenbacker movement: https://Mises.org/386c
00:00 Introduction
00:27 Printing Money and War
04:53 Modern Monetary Theory
19:21 A Permanent Wartime Economy
23:51 The Future of Fiscal Policy