Name: Professor: Biden Advisers Pushing Flawed Economics
Uploaded: 2021-03-15T22:12:26.000Z
Description: Professor Michael Busler at Stockton University warns that President Joe Biden's high deficit economic polices could lead to 1970s-style stagflation—inflation and a stagnant economy. He says if taxes are raised, it will make things even worse because it will suck more cash from the productive economy.

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Professor Michael Busler at Stockton University warns that President Joe Biden's high deficit economic polices could lead to 1970s-style stagflation—inflation and a stagnant economy. He says if taxes are raised, it will make things even worse because it will suck more cash from the productive economy.

Busler says Biden's economic advisors believe in modern monetary theory (MMT) where you don't have to worry about running big deficits because you can just print more money—so debt isn't a problem because you can just print more money. And even with all that money, inflation isn't a problem because you can just raise taxes to slow the economy down again. NTD asked the professor if Biden is taking cues from these advisors.

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Professor: Biden Advisers Pushing Flawed Economics

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