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Tom Emmer: “The idea that just because you control your own central…”

Featuring: Tom Emmer, Republican | Majority Whip, U.S. House, Minnesota's 6th District

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Fireside Chat with Majority Whip Tom Emmer on Cryptocurrency and Legislative Priorities

Published | Video Starts at 04:00

Well, the Keynesians have now morphed into something called the modern monetary theorists, which I'm not that smart, but I do know that if I throw an apple in the air, it's going to come down. So The idea that just because you control your own central currency and there's a formula that you can print and spend as much as you want without, without any consequence. I'm sorry, that's. So then was it surprising to you that it became such. What seemingly was a kind of a niche topic became a bigger topic in the recent election. (04:00–04:10)

CLAIM

Asserts that modern monetary theory suggests unlimited currency printing without consequence.

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