Finding the Money

Kelton's book, The Deficit Myth, and this film clearly demonstrate that mainstream, orthodox economics doesn't tell us that the U. S. federal government does not need to tax in order to have money to spend. Taxes have other useful purposes in controlling inflation and bringing stability and balance to the economy. Mainstream economists and economics professors need to reframe how they explain and teach the fundamentals of money and government finance. This film is eye-opening. A must watch for anyone interested in understanding how much more our government can do to make life better for everyone.

Fantastic documentary. Explaining what money is and how the monetary system works. Pulling the veil back on many damaging misconceptions and misunderstandings which lead to terrible policy choices and terrible outcomes. Important and timely. Paradigm challenging, which will make many watching uncomfortable as it will go against everything they've ever heard and what they believe to be true intuitively, because it's what everyone says, it's what politicians say, what many economists say, and what many journalists and media say. But once you see it and it clicks, you can't unsee it. We can't solve the biggest challenges we face unless we understand the basics and how things actually work.

Stephanie Kelton and friends are presenting their radical Modern-Monetary-Theory (MMT) idea as the panacea to all of humanity problems. The main concept of MMT is that government can spend on whatever it feels like. At the end of the day, it is the bureaucrats in the government who get to decide where every citizen's toil and sweat should be channeled into. Should the government decide that Bill Gates needs to get all of your money, and he shouldn't have any competitors, they are wholly free to do so, and they are doing it. There is apparently no constraint or anything that can stop the government from choosing what is best for YOU.

The only thing that is supposedly "easy to calculate" and can stop the rampant spending by government is the risk of inflation. Kelton doesn't even try to explain what Inflation is, or how it is created, she just mentioned that it is important and easy to math out. So the government creating dollars and spending them into the economy in the trillions has nothing to do with inflation. As long as there are enough poor people who can use these dollars to spend like drunken sailors and keep the economy out of a depression.

If you ever had any interest in economy, and you read some significant books by influential economists in history, you might want to call 911 because this "documentary" is going to give you a heart attack.

The bureaucrats in the USSR would be really envious to have some of this MMT drug to explain away their perfect economic system.

First, ignore the critical reviews who don't want you to watch this film. They're akin to oil and coal lobbyists trying to gaslight us, and keep us from understanding the true origins, nature, and mechanics of money.

This film is 90 mins, but the conversations you'll have post watching this film with others is limitless--you'll be discussing these economic principles (not concepts) for the rest of your life educating others. Hyperbole? Sure, but not by much. It's my small motivator conferring the thought "Trust me. You want to, and need to, see this film."

This film is a 10/10 for what it is and it's intended purpose. View this film as an introductory "101" course. It serves this purpose well. For those familiar with MMT, it may feel a bit too shallow, but that is by design. It's wonky enough to engage economists but not overly wonky, dull, or dry.

My gut believes this is most likely the first of what will become a series of documentaries with each new release going deeper and building on the knowledge and education of this introductory film.

Shawn.

I consider(ed) myself to be a very knowledgeable about macro economics. This movie completely altered my understanding. I highly recommend. Taxation and government spending is obviously a subject that sparks a lot of political and ideological debate, but the film-maker exposes the hipocracy and misunderstanding that politicians of all ideologies share. I wish the movie was available by streaming it directly online. I would pay to see it again. I'd even give it away to friends for Christmas if it were possible to do so. Please try to increase the distribution of this really important information.