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Biden’s Plan to Fight Inflation — Stephanie Kelton

Summary:
At this point, the president’s plan to bring down inflation can be summed up as follows:Leave the Fed alone to hike rates and slow the economyTake proactive steps to reduce some costs and build more capacityTake proactive steps to cut the fiscal deficit even moreI joined Bloomberg TV’s David Westin to talk about this at noon today....The LensBiden's Plan to Fight InflationStephanie Kelton | Professor of Public Policy and Economics at Stony Brook University, formerly Democrats' chief economist on the staff of the U.S. Senate Budget Committee, and an economic adviser to the 2016 presidential campaign of Senator Bernie Sandershttps://stephaniekelton.substack.com/p/bidens-plan-to-fight-inflation

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At this point, the president’s plan to bring down inflation can be summed up as follows:
  • Leave the Fed alone to hike rates and slow the economy
  • Take proactive steps to reduce some costs and build more capacity
  • Take proactive steps to cut the fiscal deficit even more
I joined Bloomberg TV’s David Westin to talk about this at noon today....
The Lens
Biden's Plan to Fight Inflation
Stephanie Kelton | Professor of Public Policy and Economics at Stony Brook University, formerly Democrats' chief economist on the staff of the U.S. Senate Budget Committee, and an economic adviser to the 2016 presidential campaign of Senator Bernie Sanders
https://stephaniekelton.substack.com/p/bidens-plan-to-fight-inflation

Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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