{"id":1135,"date":"2020-08-11T00:15:28","date_gmt":"2020-08-11T00:15:28","guid":{"rendered":"https:\/\/tomfarandasfolly.com\/?p=1135"},"modified":"2025-09-28T00:26:40","modified_gmt":"2025-09-28T00:26:40","slug":"how-modern-monetary-theory-aocs-theory-and-fiscal-policy-are-converging","status":"publish","type":"post","link":"https:\/\/tomfarandasfolly.com\/?p=1135","title":{"rendered":"&#8220;How Modern Monetary Theory (AOC&#8217;s theory) and fiscal policy are converging&#8221;"},"content":{"rendered":"<p><a class=\"asset-img-link\" href=\"https:\/\/tomfaranda.typepad.com\/.a\/6a00d834525a2f69e2026bde88d51c200c-pi\" style=\"float: right;\"><img decoding=\"async\" alt=\"Woman cartwheeling\" class=\"asset  asset-image at-xid-6a00d834525a2f69e2026bde88d51c200c img-responsive\" src=\"https:\/\/tomfaranda.typepad.com\/.a\/6a00d834525a2f69e2026bde88d51c200c-200wi\" style=\"width: 160px; margin: 0px 0px 5px 5px;\" title=\"Woman cartwheeling\" \/><\/a><\/p>\n<p>How Bernie Sanders and <a href=\"https:\/\/en.wikipedia.org\/wiki\/Alexandria_Ocasio-Cortez\">Alexandria Ocasio-Cortez<\/a> say we can finance all their ideas. Basically <a href=\"https:\/\/en.wikipedia.org\/wiki\/Modern_Monetary_Theory\">modern monetary theory<\/a> says that the government can borrow all the money it wants, as long as the borrowing is from itself. Yup that&#39;s it.&#0160; Pay my Visa bill with my American Express card. This one minute Bloomberg video explains the problem with that at the end.<\/p>\n<p>&#0160;<\/p>\n<p><iframe loading=\"lazy\" allow=\"accelerometer; autoplay; encrypted-media; gyroscope; picture-in-picture\" allowfullscreen=\"\" frameborder=\"0\" height=\"315\" src=\"https:\/\/www.youtube.com\/embed\/Z5JwKsFO-6k\" width=\"480\"><\/iframe><\/p>\n","protected":false},"excerpt":{"rendered":"<p>How Bernie Sanders and Alexandria Ocasio-Cortez say we can finance all their ideas. Basically modern monetary theory says that the government can borrow all the money it wants, as long as the borrowing is from itself. Yup that&#39;s it.&#0160; Pay my Visa bill with my American Express card. This one minute Bloomberg video explains the [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1135","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/tomfarandasfolly.com\/index.php?rest_route=\/wp\/v2\/posts\/1135","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tomfarandasfolly.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tomfarandasfolly.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tomfarandasfolly.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/tomfarandasfolly.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1135"}],"version-history":[{"count":1,"href":"https:\/\/tomfarandasfolly.com\/index.php?rest_route=\/wp\/v2\/posts\/1135\/revisions"}],"predecessor-version":[{"id":4982,"href":"https:\/\/tomfarandasfolly.com\/index.php?rest_route=\/wp\/v2\/posts\/1135\/revisions\/4982"}],"wp:attachment":[{"href":"https:\/\/tomfarandasfolly.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1135"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tomfarandasfolly.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1135"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tomfarandasfolly.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1135"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}