David Parkman Interviw of Stephanie Kelton - Modern Monetary Theory & "The Value of Money"

And excellent interview of Stephanie Kelton which covers the difference between the Republicans and Democrats standpoint on the national deficit. Stephanie Kelton says why there would not be any inflation in an MMT economic system or with a job guarantee as spending would be carefully applied to where the economy is under performing which would increase products and services. She says how a UBI could create inflation as it would inject an enormous amount of new money into the economy without necessary creating new jobs and services. She then covers Bitcoin where she says neutral on it at the moment until she knows more about it. She says how the monetarists keep inflation down by maintaining some unemployment but MMT has an extremely efficient way of doing this while keeping full employment.