For those who already think they know it all, this won’t be for you. For those who are more open-minded and okay with challenging their deeply held beliefs, then dig in
Stephanie Kelton is a macro economist and the face of MMT. Here she talks about her book The Deficit Myth. A primer on how economics actually works on the Federal level. And why the fed budget is fundamentally different from a personal.
“We’ve already seen lawmakers approve trillions of dollars in spending in response to the coronavirus,” and Kelton “believes the economy has enough slack to handle quite a bit more spending without risking inflation,” Gizmodo adds. “With a crucial decade in front of us for climate action, that recovery money could be the seed that transforms the economy into one focused on clean energy, caring for each other, and centres justice.”
Sounds like a plan if you have no money and dont want any. Unintended consequence is by keeping interest rates at zero you will continue to keep the poor poor and the rich will get richer. I thought Bernie would not approve .
That’s just about everyone once they start having to pay real taxes. The great awakening when you run out of other folks money and feel the burn yourself.