Daily Archives: November 5, 2013

Randy Wray and Stephanie Kelton Present at Fields Institute

Randy Wray and Stephanie Kelton presented at Fields Institute at University of Toronto in conjunction with INET. The conference was Mathematics for New Economic Thinking. The presentation links below will take you to Field’s site where slides appear side by side with the video. Below the links to the videos are links to view and download PDF versions of the slides as well.

Randy Wray’s presentation, “The Nature of Money: A Series of Debits and Credits” can be viewed here.

Stephanie’s presentation, “Fiscal Space and Financial Stability: A Differential Analysis” can be viewed here.

Randy’s slides are available here.

Stephanie’s slides are available here.


Obama wants to cut Social Security

By Ben Strubel

Along with most Republicans, many Democrats, and Wall Street, President Obama wants to cut Social Security. Here is what you need to know.

What Cuts Are Being Proposed?

Obama is proposing, along with the support of Republicans and many Democrats, to change how annual increases in Social Security benefits are calculated. Obama wants to switch to a different formula, called Chained CPI. This switch would result in a benefit cut of $230 billion dollars over 10 years. All this is being done under the guise of “strengthening” the program and “securing it for future generations”.  (See here, here, here, here and here)

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