Matt Taibbi has a worthwhile essay on Modern Monetary Theory which he opens with a short video of the nation's chairman of the Council of Economic Advisers to the president making a fool of himself. The Theory appears to assert that Debt is really a form of liquid potential to do good.

If you have no time to read the essay, the less-than-2-minute video is definitely instructive about the level of joyful stupidity of our leadership.