Stephanie's new book is available for preorder. It should be a game-changer.The blurb reads, "Deficits can be used for good or evil." "Evil?" Probably few people know that German economic development post Weimar and rearmament in preparation for WWII was engineered under Adolph Hitler by Hjalmar Schacht, head of the Reichsbank (German central bank). Hitler is often associated with the Weimar Republic that destroyed the Deutsche mark (DM). Nothing could be further from the truth. Under Hitler Germany rose from the ashes of WWI and the draconian settlement involving reparations that were designed to prevent the rise of another strong Germany in the center of Europe, ostensibly because Germany had caused the conflict (which history shows to be false). The retaliatory Treaty of
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Mike Norman considers the following as important: deficit myth, fiscal policy, MMT, Myth Busting, Stephanie Kelton
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Stephanie's new book is available for preorder. It should be a game-changer.
The blurb reads, "Deficits can be used for good or evil." "Evil?" Probably few people know that German economic development post Weimar and rearmament in preparation for WWII was engineered under Adolph Hitler by Hjalmar Schacht, head of the Reichsbank (German central bank). Hitler is often associated with the Weimar Republic that destroyed the Deutsche mark (DM). Nothing could be further from the truth.
The Deficit Myth
The Deficit Myth
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