Joe Biden is officially living in fantasy land: Stephanie Kelton edition

Modern Monetary Theory(MMT) says that the government should just print all the money it needs to fund radical leftist agenda items like a guaranteed basic income--if someone could work but doesn't want to others should fund their laziness.

This is clearly insane. It's been tried before and what one sees is hyperinflation and the destruction of people's savings.  We've seen it in Greece and other countries that spent money that they didn't have and the end result was the impoverishment of the country.

Sure it takes a few years so that the politicians and "economists" who endorsed the practice are retired and not held responsible for the destruction they caused but fiscal devastation is the inevitable result of just printing money.

Well Joe Biden has appointed Stephanie Kelton, a professor of economics and public policy at Stony Brook University, who supports MMT to his economic tax force.

This is akin to his appointing someone who believes the sun orbits the earth to a task force looking at NASA or a person who believes the earth is flat to a task force investigating how to better map the world.

But Joe needs MMT.  The Green New Deal, which he supports, won't work without it.

Neither will Democrats plan to shut down the economy indefinitely and print money to pay people during that time.

If you have any savings be aware that if Joe becomes President he'll be pushing policies that will lead to hyperinflation and the reduction of your savings' purchasing power to zilch.