For years, a small band of economists pushed an unorthodox approach to government spending (particularly in the U.S.), arguing that concern about deficits and debt was wildly overblown. Now, with measures to contain the novel coronavirus shutting down commerce around the world, and fiscal authorities spending trillions of dollars to fill the gap, it’s starting to become more popular.

Stephanie Kelton, an economist and adviser to Senator Bernie Sanders, the now-former Democratic presidential candidate, has been one of the most prominent advocates of Modern Monetary Theory. On this week’s episode, host Stephanie Flanders talks with Kelton about her thoughts on the fiscal response so far, and whether President Donald Trump has indeed joined the crowd of MMT advocates.

Tom Orlik, Bloomberg’s chief economist, also puts the government and central bank actions into perspective, while global trade correspondent Shawn Donnan discusses how his beat has changed during the pandemic.

For years, a small band of economists pushed an unorthodox approach to government spending (particularly in the U.S.), arguing that concern about deficits and debt was wildly overblown. Now, with measures to contain the novel coronavirus shutting down commerce around the world, and fiscal authorities spending trillions of dollars to fill the gap, it’s starting to become more popular.Stephanie Kelton, an economist and adviser to Senator Bernie Sanders, the now-former Democratic presidential candidate, has been one of the most prominent advocates of Modern Monetary Theory. On this week’s episode, host Stephanie Flanders talks with Kelton about her thoughts on the fiscal response so far, and whether President Donald Trump has indeed joined the crowd of MMT advocates.Tom Orlik, Bloomberg’s chief economist, also puts the government and central bank actions into perspective, while global trade correspondent Shawn Donnan discusses how his beat has changed during the pandemic.

Tariffs, crypto, deregulation, tax cuts, protectionism, are just some of the things back on the table when Donald Trump returns to the Presidency. To help you plan for Trump's singular approach to economics, Bloomberg presents Trumponomics, a weekly podcast focused on the Trump administration's economic policies and plans. Editorial head of government and economics Stephanie Flanders will be joined each week by reporters in Washington D.C. and Wall Street to examine how Trump's policies are shaping the global economy and what on earth is going to happen next.

Tariffs, crypto, deregulation, tax cuts, protectionism, are just some of the things back on the table when Donald Trump returns to the Presidency. To help you plan for Trump's singular approach to economics, Bloomberg presents Trumponomics, a weekly podcast focused on the Trump administration's economic policies and plans. Editorial head of government and economics Stephanie Flanders will be joined each week by reporters in Washington D.C. and Wall Street to examine how Trump's policies are shaping the global economy and what on earth is going to happen next.

Who will win the trade war, and how? If the job market is so strong, why does your paycheck seem so meager? What will drive the economy of the future? Stephanomics, a podcast hosted by Bloomberg Economics head Stephanie Flanders, will take listeners on location each week to answer questions like these and bring the global economy to life.

Trumponomics

Governments Try to Spend Their Way Out of Coronavirus Shock

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/e009e43b-07eb-456e-a683-ae2b001ad5ea/transcript

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