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  • 1 year ago
FINDING THE MONEY follows economist Stephanie Kelton on a journey through Modern Money Theory or “MMT”. Kelton provo | dG1fUjQ3aF91eC1uRTg
Transcript
00:00So much of the public discourse, it's like we're going through life with one eye shut and one eye open.
00:07And we're only getting half the picture.
00:09And then somebody like me comes in and says, let's make sure we see the whole picture.
00:16People naturally think, wait, government deficit debt, this is a negative thing, let's stop this right now.
00:22And I say, hang on, let's open the other eye.
00:24The government debt is not a burden on anyone.
00:27The national debt is exactly the opposite of what the orthodox story tells us.
00:33This modern monetary theory.
00:35Modern monetary theory.
00:37What is MMT about and why has it suddenly exploded?
00:41The last thing we need is some harebrained theory.
00:43We're broke.
00:44America's broke.
00:45Congress has spent all the money.
00:47Does the government have to borrow dollars?
00:49No, of course not.
00:51They don't find the money, they create it.
00:53Is that what they do?
00:55Where does money come from?
00:56There's a theory that says we should not be looking too closely at money.
01:00Didn't they tell you?
01:01You never touch the money question.
01:03You're going to scare the hell out of everyone.
01:07You could take the national debt clock that scares everyone and just rename it the U.S. dollar savings clock.
01:15So now don't you feel better?
01:17The true story of money is not the story that I've been told.
01:26The U.S. Money Reserve
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