#187 - Should We Stop Worrying About National Deficits?

Governments around the world have spent unprecedented sums — trillions of dollars — to combat the economic impacts of coronavirus. But just what does rising government debt mean for our future? A new crop of economists – adherents to Modern Monetary Theory – have a bold proposition: Don't worry about it. Stephanie Kelton, James Galbraith, Todd Buchholz, and Otmar Issing join us for a debate on national debt in our third episode of "That's Debatable," our new series presented in partnership with Bloomberg Media and sponsored by IBM.   A note from our sponsor: There’s nothing to lose from gaining a fresh perspective. IBM Watson® was built to help us look at an issue from all sides—from cultural debates to customer reviews. Using advanced natural language processing, Watson is making sense of data from a range of topics to help give us more informed perspectives, so we can make more informed decisions. See how Watson informs a human debate at ibm.com/debatable Learn more about your ad choices. Visit podcastchoices.com/adchoices

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America is more divided than ever—but it doesn’t have to be. Open to Debate offers an antidote to the chaos. We bring multiple perspectives together for real, nonpartisan debates. Debates that are structured, respectful, clever, provocative, and driven by the facts. Open to Debate is on a mission to restore balance to the public square through expert moderation, good-faith arguments, and reasoned analysis. We examine the issues of the day with the world’s most influential thinkers spanning science, technology, politics, culture, and global affairs. It’s time to build a stronger, more united democracy with the civil exchange of ideas. Be open-minded. Be curious. Be ready to listen. Join us in being Open to Debate. (Formerly Intelligence Squared U.S.)