Why Doesn't the Government Just Print More Money? Some Economists Are Arguing for More Money
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You may have seen the viral clip of Jared Bernstein (former Chair of the Council of Economic Advisors for Biden during the Obama Administration), fumble through answering the questions: if the United States just makes its own currency… why would it ever borrow money or go into debt? Why doesn’t the government just… create more money? Nicole taps in to answer this question today and along the way, explains the new economic school of thought— Modern Monetary Theory— that is turning this question on its head.
As promised, here is the cringe-y clip: https://x.com/FindingMoneyDoc/status/1786050601236779078
Why Doesn't the Government Just Print More Money? Some Economists Are Arguing for More Money