Democrats are back. So is economist Stephanie Kelton’s big idea

In the early days of the Biden administration, after the COVID-19 pandemic and overlapping recession, advocates of government spending to aid the recovery faced concerns that such programs would add to the seemingly ever-growing national debt. In addition to arguments about unemployment and the overall health of the economy, backers of spending bills like what became the Infrastructure Investment and Jobs Act had an increasingly influential economic idea on their side. Modern Monetary Theory...