Reps. Rashida Tlaib and Pramila Jayapal will save us all from crushing government debt — just make two coins worth $1 trillion each and parcel the money out! L. Randall Wray, a proponent of Modern Monetary Theory, disagrees. He says the Federal Reserve, not the U.S. Mint, should make lots of money and give it to all. The mistake here, as with all of Modern Monetary Theory (a.k.a. the Magic Money Tree), is to think that money is important.

It isn’t.