Public Debt is a GOOD Thing. Here is why. | Carlos G. Hernández

About this episode

Pascal Lottaz interviews Carlos García Hernández about the benefits of public debt and modern monetary theory.

Pascal Lottaz speaks with Carlos García Hernández, author of Fiat Socialism. ([lolabooks.eu](https://www.lolabooks.eu/products/fiat-socialism?utm_source=openai)) They discuss modern monetary theory, fiat money, debt, inflation, Japan, job guarantees, public deficits, national debt, and monetary sovereignty. The talk also looks at Argentina, BRICS, Marx, and the case for full employment, basic needs, and socialism without the gold standard. Links: Fiat Socialism at Lola Books https://www.lolabooks.eu/products/fiat-socialism Lola Books https://www.lolabooks.eu Neutrality Studies substack: https://pascallottaz.substack.com (Opt in for Academic Section from your profile settings: https://pascallottaz.substack.com/s/academic) Merch: https://neutralitystudies-shop.fourthwall.com Donation: https://neutralitystudies.com/donate Timestamps: 00:00:00 Introduction 00:00:34 MMT basics and fiat money 00:09:41 Job guarantee and inflation 00:14:14 Japan and the inflation myth 00:20:19 Deficits savings and debt 00:29:56 Argentina BRICS and foreign debt 00:34:12 Fiat socialism and full employment 00:42:12 Marx capitalism and crisis 00:49:22 Socialist strategy and closing

People in this episode

Host: Pascal Lottaz

Guest: Carlos García Hernández

Topics covered

• modern monetary theory
• fiat money
• public debt
• inflation
• job guarantees
• socialism

Keywords

• public debt
• modern monetary theory
• fiat money
• inflation
• job guarantees
• Argentina
• BRICS
• socialism

Mentioned in this episode

Organizations: Lola Books, BRICS

Books & works: Fiat Socialism

Places: Japan, Argentina

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