Stephanie Kelton, bestselling author of “The Deficit Myth” and professor of economics and public policy, talks to Jordan Klepper and Ronny Chieng about changing our understanding of government spending through MMT, or Modern Money Theory. She also explains how the national deficit is not a number to be fearful of, but can be put to good use, and how government finance is far more flexible than you might think. #DailyShow #StephanieKelton #Money
Klepper for host 2024!
ReplyTo all Republikons who think the US should be run like a buisness: the US is not a business. Businesses put profits over everything, our gov’t must put the American people over everything. MMT is the way to do it.
ReplyThe Modern Monetary Theory sums up everything that I have been reading up on the economic behavior of governments and people.
ReplyEasy if your currency is the gobal petrol currency.
ReplyThe gov makes the money they can make as much as they can imagine especially when it comes to spending bills they could fund everyones healthcare entirely for free
ReplySo a trillion dollar debt is not real?
ReplyExactly, favor ain’t fair but it works. Matthew 9:12-13 12 On hearing this, Jesus said, “It is not the healthy who need a doctor, but the sick. 13 But go and learn what this means: ‘I desire mercy, not sacrifice”.
ReplyThis is way too abstract! This will never catch on! They are just trying to pretty up the looks of our government’s overspending! It changes nothing.
ReplyOne word “delusional”
ReplyWhat do you think the average salaries in Saudi Arabia are 🇸🇦 ?
ReplyThis lady seems to forget how expensive it is to service debt, once it has accumulated. I live in Italy and we pay almost as much on interest as on public health. Ask Greece if it is “only a difference of two numbers”. Of course, if you are the most militarily powerful nation in the world, you can export your inflation by forcing all the others to pay for you by printing fake (this is what “fiat” means) money and have them to accept it as real value. Just don’t be surprised when you find someone in other places of the world that doesn’t seem so happy about it.
ReplySooo…MMT is actual math with logic and reasoning behind it. You now understand basic algebra and don’t think that someone who benefits from obfuscating numbers is objective…
ReplyThe problem is not the amount of money, it’s the distribution of money. The government making more money will just make the rich richer, and leave the “middle class” stagnant (leaving the median income unable to afford a house payment or a car breakdown).
ReplyI’m not the only poor person in Saudi Arabia 😅 the most beautiful people in the entire Arab world 🌎 do markting and become popular for pennies
ReplyI always compare the federal budget to mortgage on a house, or point out the benefits of President Eisenhower’s investment in the Federal Highway System.
ReplyDoes this mean the gop representatives are making decisions but don’t understand how the MMT works? Isn’t that their job to educate themselves?
ReplyLoved the Deficit Myth… fascinating book
ReplyThis MMT will only work if people’s trust in US fiat currency remains. But once a significant portion of the population put the trusts into questions – this will collapse.
ReplyMoney is a confidence game. The reason Americans call their money “bills” is because once a person would do work for a rich person who could pay but rather than go to the trouble of seeing them and getting gold, it was easier to give the bill to a store who would then give credit or supplies as requested. At some point the bill would be delivered to the issuer for payment or maybe it continued in circulation forever. The rich and the banks noticed this and realized they only needed a tenth of the gold in storage/possession to cover their debts and so this behavior increased their wealth. In the case of banks they seemed to be offering low interest rates but as they were able to loan $10 for everyone dollar of gold it wasn’t just a license to print money, they printed it then charged rent on it.
ReplyI guess Turkey and Venezuela are thriving?
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