Tag Archives: Stephanie Kelton

Government deficits are normal and even necessary to the health of most economies – that’s according to one of the world’s most influential economists, Professor Stephanie Kelton, who will be a Visiting Professor at the University of Adelaide this month.Professor Kelton is the Geoff Harcourt Visiting Professor of Economics at the University of Adelaide and Professor of Economics and Public Policy at Stony Brook University, New York. Senior economic adviser to Bernie Sanders’ 2020...

In the end, MMT looks like an extreme version of conventional economics in which there is no independent monetary policy and there are a lot of unused resources. But when resources get tight, the reflex is command and control central planning. This cuts to the quick of it. The question is how much market state (where free markets determine outcomes, in theory at least) and how much welfare state (where the economy is managed based on desired outcomes). This is an ongoing dialectic among...

Users of Twitter know the thrill of seeing a tweet so good that you want to have it embroidered on pillows. The form lends itself to aphorisms or clever asides; Oscar Wilde and Dorothy Parker would have loved it. This week, the economist Stephanie Kelton posted a tweet for the ages: “What is the natural rate of college enrollment?” It’s slyly great. It’s a play on the “natural rate of unemployment,” a discredited concept popular in the 90’’s. The NAIRU was supposed to represent the...

I’d been stewing for a few months in the melange of blogs and YouTube videos and white papers that make up much of the M.M.T. world. Some intricacies lay beyond me—a hazy blur of literature about floating exchange rates and reserve currencies addled my brain. But the basic principle of M.M.T. is seductively simple: governments don’t have to budget like households, worrying about debt, because, unlike households, they can simply print their own money.... This illustrates a major difficulty...

Pretty fair article. Stephanie Kelton is solidifying in the role of being the public face the MMT. This is doubly beneficial. Not only is it good for popularizing MMT, but also there are not many other women among economists that the public is familiar with.ReutersExplainer: Five questions about Modern Monetary Theory See also at ReutersMMT: controversial plan to boost economic equality Also in the news. WTVBMMT may be Democrats' economic cure, but only Trump got the memo Howard...

Their independence will shrink to policy execution, she says Says Japan policy flawed by hitting gas and brakes together Looks like the last mile has closed.Bloomberg MMT's Kelton Sees Central Banks Quietly Yielding to Governments Yuko Takeo and Masahiro Hidaka

Podcast. No transcript.The Zero HouorStephanie Kelton On Student Debt Forgiveness & The Fundamentals Of Modern Monetary TheoryRichard Eskow

  Positive reporting. MMT is now being taken seriously. BloombergWipe Out Student Debt and Everyone Wins, Says Bernie's Economist Katia Dmitrieva and Alexandre Tanzi

RT runs a Renegade piece featuring MMT and Stephanie Kelton. I guess MMT can now be blamed on Putin and the Russians.RTMMT – Letters from America

Positive and accurate. The scope is brief but Milton Ezrati uses it his limited space to show how most negative criticism of MMT fails to take into consideration what Stephanie Kelton, the public face of MMT in the US, actually says.ForbesWhat Is Modern Monetary Theory?Milton Ezrati |senior economist for the NY communications firm, Vested