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The Argument For Increasing The National Debt

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Modern Monetary Theory is a policy position that asks whether the federal government should operate like a household with a balanced budget or more like a change agent. Stephanie Kelton, professor of economics and public policy at Stony Brook University and former Chief Economist on the U.S. Senate Budget Committee, talks to host Krys Boyd about using the national debt as a tool in service of a higher standard of living for all Americans. Her book is “The Deficit Myth: Modern Monetary Theory and the Birth of the People’s Economy.”