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Stephanie Kelton — The Wealthy Are Victims of Their Own Propaganda–To escape higher taxes, they must embrace deficits.

Summary:
Grow the pie within public investment for public purpose rather than shrinking it through austerity or dividing the size of the pieces it differently through redistribution. Having your cake and eating it too. I would add that it is still necessary to address economic rent and its social and political effects. The reason this is so hard to do is that America is a plutocracy. The institutions are rigged. Bloomberg OpinionThe Wealthy Are Victims of Their Own Propaganda–To escape higher taxes, they must embrace deficits. 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

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Grow the pie within public investment for public purpose rather than shrinking it through austerity or dividing the size of the pieces it differently through redistribution. Having your cake and eating it too.

I would add that it is still necessary to address economic rent and its social and political effects. The reason this is so hard to do is that America is a plutocracy. The institutions are rigged.

Bloomberg Opinion
The Wealthy Are Victims of Their Own Propaganda–To escape higher taxes, they must embrace deficits.
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
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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