by Summary:
So much ink has been spilled for so long on the national debt, it might be nice if that trillion plus on the red side of the US balance sheet just didn't really matter.That's exactly the thinking behind a new school of economic theory that the government should be spending more, not less.… But people like Stephanie Kelton, Sanders' economist in 2016, a professor at Stony Brook University, and a proselytizer for this view toward currencies and national economies, argues that the government essentially prints money each time it authorizes new unpaid for programs and that it hasn't hurt the economy by causing runaway inflation. We asked her for her her thoughts on the national debt as it approaches trillion. That exchange is below: CNN PoliticsDebt? What debt? At trillion,
Topics:
Mike Norman considers the following as important: fiscal policy, MMT
This could be interesting, too:
So much ink has been spilled for so long on the national debt, it might be nice if that trillion plus on the red side of the US balance sheet just didn't really matter.That's exactly the thinking behind a new school of economic theory that the government should be spending more, not less.… But people like Stephanie Kelton, Sanders' economist in 2016, a professor at Stony Brook University, and a proselytizer for this view toward currencies and national economies, argues that the government essentially prints money each time it authorizes new unpaid for programs and that it hasn't hurt the economy by causing runaway inflation. We asked her for her her thoughts on the national debt as it approaches trillion. That exchange is below: CNN PoliticsDebt? What debt? At trillion,
Topics:
Mike Norman considers the following as important: fiscal policy, MMT
This could be interesting, too:
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So much ink has been spilled for so long on the national debt, it might be nice if that $22 trillion plus on the red side of the US balance sheet just didn't really matter.
That's exactly the thinking behind a new school of economic theory that the government should be spending more, not less.…
But people like Stephanie Kelton, Sanders' economist in 2016, a professor at Stony Brook University, and a proselytizer for this view toward currencies and national economies, argues that the government essentially prints money each time it authorizes new unpaid for programs and that it hasn't hurt the economy by causing runaway inflation.
We asked her for her her thoughts on the national debt as it approaches $22 trillion. That exchange is below:CNN Politics
Debt? What debt? At $22 trillion, here's the argument the national debt doesn't matter
Z. Byron Wolf
See also at Twitter
I am a fiscal conservative and I governed that way. I spent an hour and a half with Stephanie Kelton. She may be on to something. She is not a “socialist” or an ideologue. She is a very smart economist with a new way of looking at a big problem. I’d like to hear from others here. https://t.co/ym8E9Ytbff
— Howard Dean (@GovHowardDean) January 13, 2019