Did you catch this article about economist Stephanie Kelton? She’s the Modern Monetary Theory (MMT) economist who is saying we should guarantee everyone in the US a job, with health care, and that the government should pay for it.
Not only is she a Bernie Sanders economics adviser, but she has a number of Wall-Streeters on her side too.
The theory is in essence this:
The government cannot run out of money; it creates money by spending.
Applying this: Employment is a right. The government should provide everyone who is unemployed with a job paying at least $15 an hour.
The theory details and more about its application, and the fascinating story of Ms. Kelton’s rise to prominence, are in this article: www.huffingtonpost.com/...