We are in unprecedented territory.
Government spending is increasing at an unprecedented rate to deal with the effects of the coronavirus pandemic. Many people worry this could burden future generations. However, economist Stephanie Kelton, author of The Deficit Myth, argues that we need to rethink our attitudes towards government spending.
Could Modern Monetary Theory help us navigate our way out of this crisis – and even help build a fairer economy?
If the government can print unlimited amounts of money to cover and deficit and to sustain spending, why do we need to pay taxes? Food for thought.
Producer: Dan John
Animation: Jacqueline Nixon
Founder of Goldzone Group and the primary author of Renaissance for Leaders. Harrison’s work focuses on the study of leadership and the conditions that shape human performance and decision-making.