Bernie is a smart enough politician to know better than make his campaign about economic theory. Instead, he promotes taxing the extreme wealth that has accumulated when he is asked the “payfor” question. One thing to note is that these are people that should be taxed at very high rates just to avoid their ability to influence the democratic process to the extent they do now even if we don’t need to pay for spending. The difference between him and other progressives that may not understand economics and federal spending is that he will place the spending first while others would make their spending conditional upon collecting.

Modern Monetary Theory has been around since the mid-’90s and is the product of Warren Mosler, a conservative bond trader, and fund manager. His is another good name to search YouTube for, although his perspective is quite different from Dr. Stephanie’s and concentrates on tax cuts over federal spending as an economic stimulus. MMT is not political and would support both views. It is nothing more than observation of our economic reality expressed in current Treasury and Fed functions so there is nothing that needs to be “implemented”. It only needs to be utilized by our political system to the benefit of the people as the Constitution mandates.