This Economic Theory Could Be Used To Pay For The Green New Deal
Liberal Democrats have embraced an obscure brand of economics — "Modern Monetary Theory" — to make the case for deficit-financed government programs like the Green New Deal for clean energy and jobs.
When Rep. Alexandria Ocasio-Cortez rolled out her "Green New Deal," calling for clean energy and guaranteed jobs, one of the first questions she got was: How do you plan to pay for it?
The New York Democrat argued that ambitious programs can easily be financed through deficit spending.
"I think the first thing that we need to do is kind of break the mistaken idea that taxes pay in February.
