NEP’s Stephanie Kelton appeared on Virtually Speaking with Jay Ackroyd February 7. You can listen with the player below or visit Virtually Speaking on Blogtalk Radio. The conversation begins with the platinum coin and the the nature of fiat currency.
Posted in Stephanie Kelton
Tagged @defictowl, fiat currency, MMT, Modern Monetary Theory, Trillion Dollar Coin
Everyone is arguing about the economic recovery in terms of what the debt-to-GDP ratio should be. The right question is: how do we get a stronger recovery going NOW? Stephanie Kelton appeared on HuffPost Live Tuesday (2/5/13) taking part in this discussion.
[Revised 1/12/13 @ 13:17]
Stephanie Kelton appeared on UP with Chris Hayes on MSNBC Saturday January 12, 2013 at 8:00 AM Eastern.
You can view selected segments below.
Posted in Stephanie Kelton
Tagged #PCS, #TDC, MMT, Modern Monetary Theory, Money. Trillion Dollar Coint
Brad DeLong is worried. And now I’m worried. He’s worried about “unfunded tax cuts,” which, he says, are “bad juju” in the long run. I don’t mean to pooh-pooh his juju, but what the heck is an “unfunded tax cut”?
Look, up in the sky! It’s a “fiscal cliff.” It’s a slope. It’s an obstacle course.
The truth is, it doesn’t really matter what we call it. It only matters what it is: a lamebrained package of economic depressants bearing down on a lame-duck Congress.
Posted in Stephanie Kelton
Tagged deficit, fiscal cliff, MMT, Modern Monetary Theory, Taxes
Stephanie appeared on Capital Account with Lauren Lyster on December 11. The topic was MMT’s goals for Full Employment and the government’s deficit.
This morning, I appeared on Tom Ashbrook’s radio show, along with Paul Krugman and Stan Collender. I wish there had been more time to explore Paul Krugman’s very important point that one sector’s deficit spending becomes another sector’s surplus. This is a core point that we make all of the time on this blog. Cutting the deficit cuts the non-government surplus dollar-for-dollar. So any plan to cut $4 trillion in deficit spending is a plan to reduce the non-government surplus by $4 trillion. The ordinary American will gleefully support deficit reduction (as polling shows), but I’m confident that you’d get a very different reaction if you asked them whether they support cutting their own surplus by trillions of dollars. Almost no one recognizes that the former implies the latter.
Posted in Stephanie Kelton
Tagged deficit, krugman, npr, on point, sector balances, surplus
In any fiscal union, some states will benefit disproportionately from the way federal dollars are collected and allocated. In the US, roughly half of all states are net recipients of federal spending (i.e. they receive more in federal spending than they pay in federal taxes). These welfare queens are supported by fiscal transfers from the remaining states, who sacrifice their tax dollars but don’t enjoy the same investments in their infrastructure, industries, schools and communities. Continue reading
Posted in Stephanie Kelton
Stephanie appeared on Majority Report with Sam Seder on 11/20/2012. The image as well as this link will take you to the Majority Report web site.
The podcast can be downloaded or listened to by clicking this link (opens in new window).
Posted in Stephanie Kelton
Tagged Economic Fantasy, Majority Report, Sam Seder, The Elite
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