Upstream

You can listen to the full episode with Doug Henwood by subscribing to our Patreon here: https://www.patreon.com/upstreampodcast As a Patreon subscriber, not only will you get access to at least one bonus episode a month, usually two or three, as well as early access to certain episodes and other benefits like stickers and bumper stickers, depending on which tier you subscribe to, but you’ll also be helping to keep Upstream sustainable and allowing us to keep this project going. Find out more at Patreon.com/upstreampodcast or at upstreampodcast.org/support. Thank you. Modern Monetary Theory, or MMT for short — if you haven’t heard of it explicitly or read about it in an economics textbook, you’ve certainly come across some of its theories and ideas out in the wild. Essentially, its proponents argue that, when it comes to the way that money and taxes work, most of us have it all wrong.  MMT is billed by its advocates as a radical new way to understand money and debt. The central idea of modern monetary theory