Episode 866: Modern Monetary Theory

It is amazing that NPR has the story Episode 866: Modern Monetary Theory.

Some ideas seem too good to be true. Like this one. It comes from a 13-year-old listener named Amy. She says she knows the government has trouble finding enough money to pay for stuff like schools and hospitals. And she wondered if it has considered just printing more money. She asked us: Can the government do that? Just make more money to pay for stuff?

NPR has made this a little too entertaining, but they do eventually cover most of the important points. It doesn’t hurt to hear this explanation and others like it until you can digest what’s being explained to you.

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