Tag Archives: Stephanie Kelton

Student loan debt is a crushing problem in America. Over 44 million people have such loans, with an average balance of about $30,000 — making for a total debt pile of $1.4 trillion. Unsurprisingly, people often struggle to repay these debts with their entry-level wages after graduating. Student debt is now the most common form of troubled debt, with about 11 percent of them 90 days or more delinquent. Worse still, thanks to Republicans and neoliberal Democrats alike, they are almost...

Stephanie Kelton introduces Justin Santopietro, who is running for the Democratic nomination for Congress in the rural, Appalachian district of VA-09.Down with TyrannyGuest Post: Stephanie Kelton Introduces A New Candidate For Congress An Experienced MMTer Is Running For Congress In 2018 by Stephanie Kelton

Mentions Stephanie Kelton. In addition to trying to set up a framework to understand these phenomena for the future book, I also saw a tweet from Stephanie Kelton talking about the downward revisions of potential RGDP and potential NGDP both in level and growth rate [3]. She thinks that 2% growth going forward is too pessimistic -- saying we can get 3% growth. Now the model above says that the dynamic equilibrium is 2.4% (so I'd agree that 2% growth is a shade pessimistic, see [3]).But...

Mentions MMT and Stephanie Kelton. Charleston Gazette-MailAlan R. Knight: We don't need a balanced budget amendment Alan R. Knight. retired editor of New England Farmer newspaper and formerly associate editor of American Agriculturist magazine, where he also wrote “The Uncommon Market,” an award-winning column that explored both the local and global marketplace into which farmers sell their products.

MMT alert.Could be better, but not bad. The WeekThe national debt, explained The Week Staff

A few days ago, Jared Bernstein posed some Questions for the MMTers in order to gain a “better understanding [of our] arguments.” We appreciate his interest in our ideas and, especially, his direct appeal for clarification of our views. He raised four big questions, which our Australian counterpart, Bill Mitchell, has already answered in his own three-part series. What follows is a response from two North American MMTers. New Economic PerspectivesAnswers from the MMTers Stephanie Kelton...

By Stephanie Kelton and Randall Wray A few days ago, Jared Bernstein posed some Questions for the MMTers in order to gain a “better understanding [of our] arguments.” We appreciate his interest in our ideas and, especially, his direct appeal for clarification of our views.  He raised four big questions, which our Australian counterpart, Bill Mitchell, has already answered in his own three-part series.  What follows is a response from two North American MMTers. Jared: Overheating is...

Social justice folks picking on  MMT. Just before Christmas, Donald Trump signed the Republican tax bill which many predict will exacerbate wealth inequality in the country. Analyses project it will add over $1 trillion dollars to the deficit.For all the talk about the national deficit and why it’s the reason our government can’t afford to improve healthcare or education, these developments reveal profound layers of hypocrisy. They show how deficit-talk has constrained political...

MMT.QuartzDoes the Republican tax cut mean deficits don’t matter?Tim Fernholz

MMT is mentioned, but the author buys into the criticism of MMT based on assuming central bank and Treasury consolidation, and he misses the key concept of Treasury issuance being a reserve drain in his criticism. He mentions Stephanie Kelton and gives a shout out to Scott Fullwiler, too. The post is also interesting as a look at popularized economics. Hughes cites an Izabella Kaminska post at FT Alphaville on MMT that is worth reading or re-reading as the case may be:  Why MMT is like...