Home
cover of episode Why Doesn't the Government Just Print More Money? Some Economists Are Arguing for More Money

Why Doesn't the Government Just Print More Money? Some Economists Are Arguing for More Money

2024/9/19
logo of podcast Money Rehab with Nicole Lapin

Money Rehab with Nicole Lapin

Chapters

A viral clip shows Jared Bernstein struggling to explain why the government borrows money. The clip is from a documentary about Modern Monetary Theory (MMT), a new school of economic thought. This episode aims to clarify why the government borrows money and explain MMT.
  • Jared Bernstein, Chair of the Council of Economic Advisors to Biden, struggled to answer why the government borrows money.
  • The viral clip is from the documentary "Finding the Money," which features economist Stephanie Kelton.
  • The documentary explores Modern Monetary Theory (MMT).

Shownotes Transcript

You may have seen the viral clip of Jared Bernstein (former Chair of the Council of Economic Advisors for Biden during the Obama Administration), fumble through answering the questions: if the United States just makes its own currency… why would it ever borrow money or go into debt? Why doesn’t the government just… create more money? Nicole taps in to answer this question today and along the way, explains the new economic school of thought— Modern Monetary Theory— that is turning this question on its head.

As promised, here is the cringe-y clip: https://x.com/FindingMoneyDoc/status/1786050601236779078