Finding the Money

2024

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Summary

We all use money, and yet the questions of what is money, and where does money come from remain elusive.FINDING THE MONEY follows Stephanie Kelton on a journey through the controversial Modern Money Theory or “MMT.” Kelton provocatively asserts the National Debt Clock that ticks ominously upwards in New York City is not actually a debt for us taxpayers at all, nor a burden for our grandchildren to pay back. Instead, Kelton describes the national debt as simply a historical record of the number of dollars created by the US federal government currently being held in pockets, as assets, by the rest of us.MMT bursts into the mainstream media, with journalists asking, “Have we been thinking about how the government spends money, all wrong?”But top economists and politicians from across the political spectrum condemn the theory as “voodoo economics”, “crazy” and “a crackpot theory.”FINDING THE MONEY traces the conflict all the way back to the story we tell about money, injecting new hope and empowering democracies around the world to tackle the biggest challenges of the 21st century: from climate change to inequality.