But does every expenditure have to have a revenue that corresponds, or are there arguably things that are so important that we do them because it's of value to America? We're going to dive into this question because Whether it's national healthcare, addressing climate change, or any of a bunch of other big issues, they're either going to take a big influx of money potentially to initiate, or we just do them. My guest today is one of the foremost thinkers on this concept called modern monetary theory. Stephanie Kelton is the author of the New York Times bestseller the Deficit Myth, Modern Monetary Theory and the Birth of the People's Economy, which I own. (03:24–03:37)
CLAIM
Asserts that addressing major issues like healthcare and climate change requires significant funding or action without prior funding.
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