The Mind Money Spectrum Podcast

#40. Will our eternal love of debt sacrifice our children's future?

September 15, 2020 Aaron Agte and Trishul Patel Season 1 Episode 40
The Mind Money Spectrum Podcast
#40. Will our eternal love of debt sacrifice our children's future?
Chapters
The Mind Money Spectrum Podcast
#40. Will our eternal love of debt sacrifice our children's future?
Sep 15, 2020 Season 1 Episode 40
Aaron Agte and Trishul Patel

In this episode, Trishul and Aaron get wonky as they try to explain Modern Monetary Theory. They introduce the difference between monetary policy and fiscal policy. And they try to explain how fiat currency, currency issuers, national debt, federal deficits, and debt service are all related. They discuss Stephanie Kelton's new book, The Deficit Myth, and some of the concerns of MMT. If deficits are not inherently good or bad, do you trust Congress to spend your hard-earned money wisely?

Episode References

MMS #27. Can a Universal Basic Income really pay for itself?
Investing Forever - One Lifetime of Wealth
At War with the Truth
U.S. Spending War on Terror Stands at 6 Trillion
Do 70% of the Benefits of the Trump Tax Law Go to the Top 1%?
Book Review of The Deficit Myth
Review of Stephanie Kelton's Deficit Myth
U.S. Debt Clock
U.S. Deficit by Year
7 Charts Showing that the Trumps Tax Cuts Are Not Economic Rocket Fuel
Social Programs Can Sometimes Turn a Profit for Taxpayers
The Deficit Myth - by Stephanie Kelton
Government Deficits vs. Private Sector
Stephanie Kelton - Twitter Page

Podcast Description

Welcome to The Mind Money Spectrum Podcast where your hosts Aaron Agte and Trishul Patel go beyond traditional finance questions to help you explore how to use your money to achieve the freedom you want in life. Aaron is a Financial Planner from the Bay Area, and Trishul is a Wealth Manager on the East Coast. For more information about Aaron, check out GraystoneAdvisor.com. And for more information on Trishul check out InvestingForever.com. We thank you all for listening, and stay tuned for our latest episode on our website, MindMoneySpectrum.com.

Show Notes

In this episode, Trishul and Aaron get wonky as they try to explain Modern Monetary Theory. They introduce the difference between monetary policy and fiscal policy. And they try to explain how fiat currency, currency issuers, national debt, federal deficits, and debt service are all related. They discuss Stephanie Kelton's new book, The Deficit Myth, and some of the concerns of MMT. If deficits are not inherently good or bad, do you trust Congress to spend your hard-earned money wisely?

Episode References

MMS #27. Can a Universal Basic Income really pay for itself?
Investing Forever - One Lifetime of Wealth
At War with the Truth
U.S. Spending War on Terror Stands at 6 Trillion
Do 70% of the Benefits of the Trump Tax Law Go to the Top 1%?
Book Review of The Deficit Myth
Review of Stephanie Kelton's Deficit Myth
U.S. Debt Clock
U.S. Deficit by Year
7 Charts Showing that the Trumps Tax Cuts Are Not Economic Rocket Fuel
Social Programs Can Sometimes Turn a Profit for Taxpayers
The Deficit Myth - by Stephanie Kelton
Government Deficits vs. Private Sector
Stephanie Kelton - Twitter Page

Podcast Description

Welcome to The Mind Money Spectrum Podcast where your hosts Aaron Agte and Trishul Patel go beyond traditional finance questions to help you explore how to use your money to achieve the freedom you want in life. Aaron is a Financial Planner from the Bay Area, and Trishul is a Wealth Manager on the East Coast. For more information about Aaron, check out GraystoneAdvisor.com. And for more information on Trishul check out InvestingForever.com. We thank you all for listening, and stay tuned for our latest episode on our website, MindMoneySpectrum.com.