BBI #148: Deficit Myth — 2 Think of Inflation

How can we know we're getting the most we can out of our economy? This week, we discuss Chapter 2 of Stephanie Kelton's book "The Deficit Myth" entitled "Think of Inflation." What does it mean for the government to "overspend"? What are the constraints on government spending? Is inflation a reliable indicator of excessive government spending?

How are unemployment, wages, inflation, and government spending related to one another? What must remain true for those relationships to persist? What might cause them to break down?

https://www.amazon.com/Deficit-Myth-Monetary-Peoples-Economy/dp/1541736192/

Previous related Boston Basic Income topics have included:

BBI #33: Basic Income vs Job Guarantee
https://youtu.be/3h0XqCPtQks

BBI #94: Full Employment
https://youtu.be/bDX_rbLYR4s

BBI #107: Quantity Theory of Money
https://youtu.be/tRm9UsEEpbc

By default, audience cameras and microphones will remain disabled. To ask a question, type it in the Zoom chat.

If you'd like to ask your question aloud, also click the "Raise Hand" button on the "Participants" tab. The hosts will unmute you when it's your turn.

The discussion will be streamed live at this URL:
https://www.youtube.com/bostonbasicincome/live

It will also be available in podcast form in the following days:
https://anchor.fm/bostonbasicincome

Photo by Sean Robertson on Unsplash
(https://unsplash.com/photos/FHMTJLJfMBg)