Back to 2026 Midterms: Promises vs. Economics.
Did Trump Adopt Modern Monetary Theory?
One panelist says Trump basically adopted modern monetary theory, so anyone who supports the theory has to support part of what Trump is doing.
Stephanie Kelton comes up first, along with modern monetary theory and the claim that it does not matter. Supporting the theory after Trump took it up means supporting the Republican side, not every decision. If money really is free, a lot of the Republican budget decisions that helped get the country to its current state sit inside that view. The Biden administration did its part too. What follows is having to embrace some of Trump's economic policies, and maybe that embrace is a problem.