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MMT economist Stephanie Kelton: “Donald Trump changed the terms of economic debate” — George Eaton

Summary:
I asked Kelton whether she believes Donald Trump has changed the terms of economic debate. “Absolutely. When he passed the .9trn tax cuts in 2018, which everybody knew were going to increase the deficit, I saw Senator Sanders, and he said to me, ‘Is this you? Did you do this?’ And I replied, ‘It’s a good thing. It’s a good thing in that it’s going to show you can make use of the budget when you have power to carry out your agenda.’”...Credit where credit is due. Of course, DJT had a compliant legislature, whereas when Democrats occupy the White House, congressional Republicans become fiscal conservatives.New Statesman (UK)MMT economist Stephanie Kelton: “Donald Trump changed the terms of economic debate”George Eaton

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I asked Kelton whether she believes Donald Trump has changed the terms of economic debate. “Absolutely. When he passed the $1.9trn tax cuts in 2018, which everybody knew were going to increase the deficit, I saw Senator Sanders, and he said to me, ‘Is this you? Did you do this?’ And I replied, ‘It’s a good thing. It’s a good thing in that it’s going to show you can make use of the budget when you have power to carry out your agenda.’”...
Credit where credit is due. 

Of course, DJT had a compliant legislature, whereas when Democrats occupy the White House, congressional Republicans become fiscal conservatives.

New Statesman (UK)
MMT economist Stephanie Kelton: “Donald Trump changed the terms of economic debate”

George Eaton
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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