Recent TED talk by Stephanie Kelton on Modern Monetary Theory – MMT – in which she makes the case to stop looking at government spending as a path towards frightening piles of debt, but rather as a financial contribution to the things that matter — like health care, education, infrastructure and beyond. “We have the resources we need to begin repairing our broken systems,” Kelton says. “But we have to believe it’s possible.” The table below looks at the difference between mainstream monetary policy and modern monetary policy.
ECONFIX 