Stephanie Kelton (@StephanieKelton) joins Sam to discuss her new book, "The Deficit Myth: Modern Monetary Theory and the Birth of the People's Economy." To those who favor a robust welfare state bolstered by generous federal spending, "how are you going to pay for it?" is an all-too-familiar rejoinder. But what if that question were irrelevant? In her latest work on modern monetary theory, or MMT, Kelton lays out the case for a new understanding of money and taxes that could free up the federal government to disregard the deficit in service of the public good.

For members,  the 11/13/12 inteview with Michael Hastings on The Real David Petraeus Scandals.

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