Warren Mosler and Joe Firestone discuss why inflation can still be relatively low despite high deficits, and Warren uses a car metaphor for illustrating how blame SHOULD be placed when major events negatively effect our economy. Warren Mosler and Joe Firestone have teamed up to cover economics through the lens of Modern Monetary Theory (MMT), with a focus on accuracy and ease of understanding. Each episode will cover a new topic and will be accompanied by visual aids and references to help viewers follow along. Understanding MMT is a nonprofit organization founded in 2023 to promote awareness and understanding of Modern Monetary Theory (MMT). Our team of experienced writers and educators creates accessible, engaging content that demystifies MMT principles for a broad audience. Through our website, blog, and social media, we strive to empower individuals and policymakers with the knowledge to make informed economic decisions. Understanding MMT is committed to accuracy, objectivity, and relevance in our educational materials, contributing to the public discourse on economic policy and theory. Visit our website to learn more and join our mission to build a more informed populace. Website: https://understandingmmt.org/ Twitter: https://twitter.com/UnderstandMMT ... https://www.youtube.com/watch?v=eSVsCYtDZwM

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