![]() ![]() So if a family wants to buy something, like a new couch, it has to either make money from work or borrow money from the bank. Traditional economics treats the government like a big, complicated family household. The key message here is: The federal government shouldn’t budget like a household. ![]() It’s a subtle distinction that makes a huge difference. While your everyday household uses money, the government actually makes it. However, Modern Monetary Theory, or MMT, argues that this analogy is a little too simple. If a family can create and stick to a budget, so can the government. Over these wholesome scenes, a voice poses a question: “You and your neighbors are responsible with your spending – shouldn’t the government be as well?” It seems like common sense. Then, it shows them back at their kitchen tables planning the family finances. The ad shows each of these stand-up citizens hard at work. There’s a waitress, a businessman, and maybe an affable construction crew. Imagine a typical political ad starring everyday, patriotic Americans. ![]()
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