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Stephanie Kelton Explains Taxes, Debunks National Debt Myth, Talks Dollar Depreciation — TheRealHeisenberg

Summary:
Stephanie Kelton needs no introduction.The face of Modern Monetary Theory in a world suddenly awake to the realities of government finance in currency-issuing nations with high levels of monetary sovereignty, Kelton catapulted to near celebrity status in 2020, as the pandemic compelled policymakers to deliver trillions in stimulus virtually overnight to avert a global depression.Kelton’s The Deficit Myth became a New York Times bestseller over the summer. It’s a quick read, and the straightforward, at times colloquial, cadence makes it highly amenable to everyday people, no small feat for an economics volume.If The Deficit Myth reads like a prescription for policymakers suffering from a kind of self-inflicted psychosis, that’s probably because it is.... AlphaExchange — The Heisenberg

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Stephanie Kelton needs no introduction.

The face of Modern Monetary Theory in a world suddenly awake to the realities of government finance in currency-issuing nations with high levels of monetary sovereignty, Kelton catapulted to near celebrity status in 2020, as the pandemic compelled policymakers to deliver trillions in stimulus virtually overnight to avert a global depression.

Kelton’s The Deficit Myth became a New York Times bestseller over the summer. It’s a quick read, and the straightforward, at times colloquial, cadence makes it highly amenable to everyday people, no small feat for an economics volume.

If The Deficit Myth reads like a prescription for policymakers suffering from a kind of self-inflicted psychosis, that’s probably because it is....

AlphaExchange — The Heisenberg Report
Stephanie Kelton Explains Taxes, Debunks National Debt Myth, Talks Dollar Depreciation
TheRealHeisenberg
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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