“Medicare for all, full employment, and a complete overhaul of American infrastructure can all be achieved simply by printing more money, according to a new generation of Democrats. Their spokesperson is Congresswoman Alexandria Ocasio-Cortez, while the brains behind their movement is economist Stephanie Kelton, an advisor for Bernie Sanders’s 2016 campaign. Democrats who subscribe to this way of thinking embrace Modern Monetary Theory, or MMT—a name chosen in direct oppositi...
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