Nathan Tankus is a popular writer for a newsletter titled, *Notes on the Crises* and is the research director of the Modern Money Network. Nathan is also a returning guest to Macro Musings, and he rejoins the podcast to talk about modern monetary theory and the debt ceiling. Specifically, David and Nathan discuss the future of MMT, the case for minting the trillion dollar coin, the prospects of issuing Federal Reserve securities, the history of the Fed's operating procedures, and a lot more. Transcript for this week's episode Nathan's Twitter: @NathanTankus Nathan's Substack, Notes on the Crises Nathan's Modern Money Network profile David Beckworth's Twitter: @DavidBeckworth Follow us on Twitter: @Macro_Musings Join the Macro Musings mailing list! Check out our new Macro Musings merch! Related Links: *The New Monetary Policy: Reimagining Demand Management and Price Stability in the 21st Century* by Nathan Tankus *Federal Reserve Issued Securities: Not Such A Crazy Idea After All* by Nathan Tankus *The Federal Reserve's Monetary Policy Operating Procedures Have Come Full Circle: What Does That Mean for the Post-SVB FOMC Meeting?* by Nathan Tankus *An MMT Response on What Causes Inflation* by Nathan Tankus, Rohan Grey, and Scott Fulwiler *Issues Raised by the Credit Crunch and Global Recession* by Janet Yellen

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“What did the council decide on item 42?” — answered with the speaker and the moment.