In a sane world, none of us should have to care about the views of Stephanie Kelton, prominent advocate of the economic delusion known as Modern Monetary Theory. But in a sane world, Sen. Bernie Sanders (I‑VT) would have never appointed Kelton as chief economist when the left-wing extremist chaired the Senate Budget Committee. And President Joe Biden, as Democratic nominee in 2020, never would have admitted her to his campaign’s economic task force in May of that year.
So when Kelton and her coterie of socialists put out an hour-35-minute documentary detailing their defense of MMT, your resident economics columnist watched Finding the Money so you don’t have to.
MMT operates off the axiom that a government responsible for minting its own currency can always print more when necessary. Finding the Money spends extensive time claiming that money didn’ …