Why Doesn't the Government Just Print More Money? Some Economists Are Arguing for More Money
Description
You may have seen the viral clip of Jared Bernstein (former Chair of the Council of Economic Advisors for Biden during the Obama Administration), fumble through answering the questions: if the United States just makes its own currency… why would it ever borrow money or go into debt? Why doesn’t the government just… create more money? Nicole taps in to answer this question today and along the way, explains the new economic school of thought— Modern Monetary Theory— that is turning this question on its head.
As promised, here is the cringe-y clip: https://x.com/FindingMoneyDoc/status/1786050601236779078
$ Take control of your finances by using a Chime checking account with features like no maintenance fees, fee-free overdraft up to $200, or getting paid up to two days early with direct deposit. Visit: http://chime.com/MNN
$ Looking for the perfect holiday gift for your coworkers, friends, and everyone in between? Choose Nicole’s favorite wine, Justin. Get 20 percent off your order for a limited time with the code “MONEY20” at http://justinwine.com/
$ Ready to find a financial advisor that’s right for your financial goals? Get matched with a trusted, vetted financial advisor at: http://moneypickle.com/MNN
All investment strategies involve risk of loss. The information shared in this podcast is for informational and entertainment purposes only. Listeners should do their own research and consult a financial advisor before making any investment decisions. See terms for additional details: https://moneynewsnetwork.com/terms/
United States
The idea of just printing more money sounds simple, but it brings a lot of challenges, especially with inflation. Modern Monetary Theory suggests that governments can create more money, but it's not a one-size-fits-all solution. Apps like rocketmoney https://rocket-money.pissedconsumer.com/review.html can help people track their personal finances, but on a larger scale, managing a country’s economy is way more complex. It’s important to understand the balance between money supply and the real economy to avoid long-term issues.