FINDING THE MONEY follows economist Stephanie Kelton on a journey through 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 media with journalists asking, “Have we been thinking about how the government spends money, all wrong?” But top economists 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 countries around the world to tackle the biggest challenges of the 21st century: from climate change to inequality.
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It was an unprecedented occurrence in world history. Nowhere and never in well-governed democratic states, had the public broadcaster been silenced in such a manner that was characterized as “autocratic” and “undemocratic”. Within five hours, on the evening of June 11, 2013, the Greek Prime Minister Antonis Samaras turned off the switches of ERT, Greece’s public broadcaster, after 75 years of continuous operation. Both TV and radio frequencies fell silent, making screens broadcast black and the FM to buzz. The closure of ERT was an unheard-of political act that shocked Greek citizens bringing back memories from the dark period of the dictatorship. It also caused a fierce international outrage from all around the world. Why did the public broadcaster have to die?
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