Stephanie Kelton Is the MMT Opposite of Judy Shelton
One of the things to watch for if Vice President Biden wins the election is whether his administration is going to base its economic policies on something called the Modern Monetary Theory. This is the idea — articulated most clearly by economist Stephanie Kelton — that our government doesn’t have to balance its budget like a household because, unlike a household, it can use a computer to create money to lend to itself.
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