** This Tuesday, May 12, come to Macro ‘n Chill, our online gathering where we listen to and discuss this episode. Bring your questions and insights. 8pm ET/5pm PT. Use this link to register: https://us06web.zoom.us/meeting/register/rn_HAqgaSRGdj8W2UX9aKw Did you think we had abandoned MMT? Well, after a few weeks of tackling some rather prickly topics, we’re back to strictly non-controversial macroeconomics. Heh heh. Just kidding. Don’t get too comfortable.