“It’s like we are going through life with one eye shut and one eye open, and we are only getting half the picture.” ~ Stephanie Kelton
The 2023 film Finding the Money follows a group of economists who aim to challenge our understanding of the national debt and the concept of money itself. American economist and professor Stephanie Kelton, a leading expert on Modern Monetary Theory (MMT) and a former chief economist on the U.S. Senate Budget Committee, explores MMT and argues that the national debt is not a burden for taxpayers or future generations to repay. Instead, Kelton views it as a historical record of dollars created by the U.S. government, held as assets by the public.
As MMT gains attention in the mainstream media, it faces criticism from economists and politicians who dismiss it. Nevertheless, Finding the Money highlights the potential of MMT to reshape our perceptions of money and empower countries to address pressing global challenges.
Catherine comments:
“We are not recommending this because we believe in MMT, but because this documentary does a good job of asking important questions and insisting the time has come to understand how our money works and how it could work. This includes the all-important question, ‘Why are we using debt to issue our currency when we could just issue the currency directly?’ We don’t need bitcoin, gold, or other sound-money solutions implemented in a way that advantages Mr. Global. Rather, we need to stop letting Mr. Global assassinate presidents and leaders who attempt to issue currency directly and proceed to do so.”
An example of direct currency issuance is Guernsey.
We recommend that you take the time to watch and consider the questions raised, and, of course, share with your friends.
Related:
Modern monetary theory: the rise of economists who say huge government debt is not a problem
Related Solari Reports:
Guernsey Island: A Lesson in Municipal Finance
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