This is why I plead with everyone to learn Modern Monetary Theory (MMT). This is what MMT does: it teaches ordinary people how the monetary system works, so that they can be armed against the lies of the politicians.
Most people have heard some gossip "debunking" MMT so they think that they know everything they need to know about it. Unless you KNOW MMT, you won't know whether its detractors are right wrong.
You can learn about it from The Rogue Scholar, Macro'n'Cheese, or MMT Mondays on YouTube. Also, Stephanie Kelton has several excellent videos with graphics about it on YouTube.
This is why I plead with everyone to learn Modern Monetary Theory (MMT). This is what MMT does: it teaches ordinary people how the monetary system works, so that they can be armed against the lies of the politicians.
Most people have heard some gossip "debunking" MMT so they think that they know everything they need to know about it. Unless you KNOW MMT, you won't know whether its detractors are right wrong.
You can learn about it from The Rogue Scholar, Macro'n'Cheese, or MMT Mondays on YouTube. Also, Stephanie Kelton has several excellent videos with graphics about it on YouTube.