Usually the reason given for austerity, or lack of government spending on services and infrastructure is that there simply isn’t enough money - we must simply tighten our belts. The typical leftist response to this is that we should just tax the rich in order to generate the money needed for such expenditures. But what if neither of these arguments is right. What if believing that these are the only two options is what is actually stopping us from improving people’s quality of life.
Stephanie Kelton is an author and economist, and subject of the new film ‘Finding The Money’.
Her work as a proponent of Modern Monetary Theory and as an advisor to Bernie Sanders has put her front and center of the debate around government debt, taxation and the potential green industrial revolution. She sat down for a remote conversation with Ash to discuss debt, Liz Truss and whether you really need to tax the rich.
You can watch the trailer for ‘Finding The Money’ here. And you can learn watch the film in it’s entirety here.
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