In The Tank (ep187) – American Experiment’s John Phelan on Modern Monetary Theory, Return Free Filing, Game of Thrones
Heartland’s Donald Kendal, and Jim Lakely are joined by Isaac Orr in episode #187 of the In The Tank Podcast. Today’s episode features work from the Center of the American Experiment, and the Tax Policy Center.
In the first segment, Donald is joined by the Center of the American Experiment’s John Phelan to talk about Modern Monetary Theory. Phelan explains why this “theory” holds no water and why it could result in economic disaster.
CNBC interview with Stephanie Kelton.
In the next segment, Donald, Jim, and Isaac talk about Tax Day and and the concept of “return free filing.” A Briefing Book from the Tax Policy Center explains the concept and how it could benefit millions of taxpayers. Instead of taxpayers having to figure out how much money they owe, the government would figure it out for you and simply send you a bill. The trio then go off in a tangent talking about different tax reforms they would like to see.
In the last segment, they talk about Game of Thrones and the theory that show is actually an allegory for climate change. They dispel this theory and then joke about how the show would go if this theory was, in fact, the case.