Npr — Planet Coin — Episode 866: Modern Monetary Theory

Some ideas appear equally good proficient to last true. Like this one. It comes from a 13-year-old listener named Amy. She says she knows the regime has problem finding plenty coin to pay for materials similar schools as well as hospitals. And she wondered if it has considered but printing to a greater extent than money. She asked us: Can the regime practise that? Just brand to a greater extent than coin to pay for stuff?

Fiscal hawks say, 'no way!' We'd convey crazy inflation! But there's a grouping of economists that says, 'yes, nosotros tin practise agency to a greater extent than money, without disaster. And pay for lots of materials nosotros want.' They are the proponents of what's called Modern Monetary Theory, or MMT. Their ideas are getting out there, they convey the memes to essay it.

Today, nosotros get to empathise a schoolhouse of see that is flipping economical theory on its head. If yous purchase it, the whole see of regime spending, taxes, the nature of coin changes, and, according to the theory, all nosotros convey to practise is but opened upwards our eyes. It's a chip similar staring at those optical illusions: First yous run across the faces, then, all of a abrupt it's the goblet.

Shifting the frame.

NPR — Planet Money
Episode 866: Modern Monetary Theory

Sandy Helm as well as Alex Goldmark