this post was submitted on 18 Apr 2026
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Showerthoughts
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A "Showerthought" is a simple term used to describe the thoughts that pop into your head while you're doing everyday things like taking a shower, driving, or just daydreaming. The most popular seem to be lighthearted clever little truths, hidden in daily life.
Here are some examples to inspire your own showerthoughts:
- Both “200” and “160” are 2 minutes in microwave math
- When you’re a kid, you don’t realize you’re also watching your mom and dad grow up.
- More dreams have been destroyed by alarm clocks than anything else
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I have read about these ideas about money being created through loans before, but also read contradictory ideas.
Since you seem to know a lot about the subject, would you happen to know of materials where I can learn more about the topic?
So these ideas are the basis of modern monetary theory (MMT) i.e. the theory of modern money, not that it's a modern theory of money. There's nothing very controversial here, in that the "theory" is just a description of how things work when you have a fiat currency. The controversial parts are what you do in your fiscal policy once you think about things this way.
Stephanie Kelton is a vocal proponent of this style of framing. She's been an economic advisor to Bernie Sanders and is the author of "The Deficit Myth" which explains these concepts. She also gave a TED talk on the concepts.
Richard Murphy is a UK proponent who writes a blog and has a YouTube channel where he explains the concepts.
There are others, but these two are a good way in. Searching for them, and also the the phrase "Modern Monetary Theory" should get you lots of talks, interviews and articles on both sides of the arguments.
Uhm, should probably mention that MMT is a relatively fringe theory not supported by most mainstream economists. Saying "there's nothing controversial here" seems more than a bit disingenous…
Thanks!