Many middle-class millennials who lingered on the housing market’s sidelines for years reported that the pandemic had hastened their buying plans. This $300 giant skeleton sold out. The company offered a $300 giant skeleton that became a national sensation, selling out before October even started. That idea — called modern monetary theory — attracted a lot of attention in 2020, particularly as some Democratic presidential candidates promised sweeping government spending programs. Lest fans miss the point, he posted a follow-up photo of the economist Stephanie Kelton’s book on the theory, which came out in 2020.

Source: New York Times December 31, 2020 16:18 UTC