The Daily Show: Ears Edition
Jordan Klepper & Ronny Chieng On Whether Trump Already Violated His Gag Order | Stephanie Kelton
Apr 24, 2024
Comedians Jordan Klepper and Ronny Chieng discuss Trump's legal troubles and Biden's 'cannibal' claim. Stephanie Kelton explains Modern Money Theory and government spending flexibility. Show includes satirical ads for Rant-A-Car and explores TikTok's diverse content landscape.
32:17
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Quick takeaways
- Deficits can lead to positive outcomes by depositing money into the economy, challenging negative perceptions of government spending.
- Modern Monetary Theory (MMT) advocates for leveraging deficits for societal goals and economic prosperity, shifting focus from traditional deficit reduction strategies.
Deep dives
Government Deficits and Money Creation
Modern Monetary Theory (MMT) proposes that deficits can be beneficial as they reflect the difference between government spending and revenue, without being inherently negative. Deficits can actually result in financial deposits into different parts of the economy, leading to positive outcomes. MMT emphasizes that money is created when the government spends, and inflation, not deficit spending, should be the primary concern in managing the economy.
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