"Stephanie Kelton, professor of public policy and economics at Stony Brook University, served as an advisor to Bernie Sanders’ presidential campaign...."
"It (Green New Deal) starts with discarding that old canard about how inflation is caused by increasing the money supply, through printing or digital multiplication, as practiced by the Federal Reserve.
"She declared, 'Inflation isn’t triggered by the amount of money the government creates but by the availability of biophysical resources that money tries to go out and buy — like land, trees, water, minerals and human labor.'
"Once that error is corrected, AOC can move ahead with her plan to go green in 12 years: '
Once we understand that money is a legal and social tool, no longer beholden to the false scarcity of the gold standard, we can focus on what matters most: the best use of natural and human resources to meet current social needs and to sustainably increase our productive capacity to improve living standards to future generations.'"
“Modern Monetary Theory” Will Pay for AOC’s Green New Deal