Posted To Stephanie Kelton’s Substack Newsletter 03/26/2025

Ask yourself this: What is a job guarantee? Its a GIFT of purchasing power to the individual. A very good application of monetary policy. But its not a macro-economic as in universally experienced/aggregative application, and it doesn’t arithmetically, mathematically and macro-economically address inflation…like a 50% Discount/Rebate policy at retail sale which coincidently is also a GIFT, is the ultimate direct monetary application of double-entry bookkeeping which:

1) MMT says is the way new money is created and

2) if repeated at point of loan signing or at the retail point of indebtedness i.e. your monthly loan payment

3) these two policies would A) turn chronic erosive inflation into beneficial price and asset deflation, B) double everyone’s purchasing power without incurring any additional cost, C) enable everyone to purchase $100 worth of groceries for $50, buy a $60k EV for $30k while also cutting your car payment in half and a $500k house for $250k and cut your loan payment in half.

So these policies are the ultimate application of MMT. Stephanie, Bernie Sanders and AOC need to be made aware of these policies for these reasons and because they are the ultimate satisfaction and application of the political insight that “People vote their pocketbooks”.

MMT aligns with the new monetary paradigm of GIFTING. SO ALIGN IT!!!

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