Stephanie Kelton challenges the conventional interpretation of the national debt, advocating for Modern Money Theory as a solution to economic inequality and climate change.
“There's another side to the national debt.”
Synopsis
Stephanie Kelton challenges the conventional interpretation of the national debt, advocating for Modern Money Theory as a solution to economic inequality and climate change.
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Synopsis
Stephanie Kelton stands before the National Debt Clock in New York City, challenging its conventional interpretation. She argues that the national debt is not a burden for taxpayers but a record of dollars created by the US federal government. As media interest in Modern Money Theory (MMT) grows, journalists question traditional views on government spending. Critics, including established economists, dismiss MMT as 'voodoo economics.' The documentary traces the historical narrative of money and urges nations to rethink financial frameworks to address climate change and economic inequality.
Deep Dive
Why Watch
- Meet economist Stephanie Kelton and her views on MMT.
- Find out why the National Debt Clock is misleading.
- See how MMT relates to climate change and inequality.
Did You Know
- Stephanie Kelton argues the national debt is just a record of dollars created by the US government.
- The National Debt Clock in New York City is challenged as misleading by Kelton.
- Critics label MMT as 'voodoo economics' and 'crazy' according to the documentary.
- The film aims to inspire nations to rethink financial frameworks to tackle climate change.
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Frequently Asked Questions
What is Modern Money Theory (MMT)?
Modern Money Theory (MMT) is an economic theory that argues the national debt is a record of dollars created by the US federal government, which are held as assets by citizens.
Who is Stephanie Kelton?
Stephanie Kelton is an economist featured in the documentary who advocates for Modern Money Theory and challenges conventional views on national debt.
What criticisms does MMT face?
MMT faces criticism from established economists who label it as 'voodoo economics' and 'crazy.'
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