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How MMT Won the Fiscal Policy Debate (Podcast) featuring Stephanie Kelton

Summary:
I don't usually post pod casts or video, since there is a lot of information that I don't have time to preview.Here is podcast with Stephanie Kelton explaining how MMT "won" in the sense of shifting the policy debate from debt and deficits to the inflation constraint. The former are not actual constraints on a government that is sovereign in its currency while the latter is an actual constraint.Also, I usually don't link to Bloomberg because of the paywall. But this is open.This destroys the government as big household or firm analogy and shows that Margaret Thatcher's claim that the government has no money but taxpayers' money is bogus.BloombergHow MMT Won the Fiscal Policy Debate (Podcast)Stephanie KeltonSee alsoeconintersectDocumentary Of The Week: Stephanie Kelton At The OECDJohn

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 I don't usually post pod casts or video, since there is a lot of information that I don't have time to preview.

Here is podcast with Stephanie Kelton explaining how MMT "won" in the sense of shifting the policy debate from debt and deficits to the inflation constraint. The former are not actual constraints on a government that is sovereign in its currency while the latter is an actual constraint.

Also, I usually don't link to Bloomberg because of the paywall. But this is open.

This destroys the government as big household or firm analogy and shows that Margaret Thatcher's claim that the government has no money but taxpayers' money is bogus.

Bloomberg
How MMT Won the Fiscal Policy Debate (Podcast)
Stephanie Kelton

See also

econintersect
Documentary Of The Week: Stephanie Kelton At The OECD
John Lounsbury

See also

Focus Economics just published its list of top influencers in economics. Mike Norman made the list as did Lars Syll. Congratulations to Mike and Lars.

Incredibly, however, no other MMT economists are mentions, even though, as the above mentions, in Bloomberg, no less, MMT has shifted the policy debate onto new ground.

Focus Economic


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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