Scotonomics Ep 3 - an American Revolution

The change in Economic policy since the inauguration of President Biden will be transformational for the American economy.

Huge fiscal stimulation ".... is a once-in-a-generation investment in America” shows that the US is very comfortable working with a large fiscal deficit. The US has also rejoined the Paris Agreement as the current administration highlights the importance of tackling climate breakdown. Globally the US is forcing low tax jurisdictions to reconsider their position. Where the US leads, the rest of the west tends to follow.

In this episode host Kairin Van Sweeden asks how this tacit adoption of the main tenets of money monetary theory will affect Europe, the UK and Scotland and interviewed Yeva Nersisyan, Research Scholar at the Global Institute for Sustainable Prosperity and Associate Professor of Economics at Franklin and Marshall College.

 

#economics #MMT #scottish