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Stephanie Kelton
Prof. of Economics & Public Policy . Was Chief Economist for the Dems on U.S. Senate Budget Committee. Contributor
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Stephanie Kelton retweetelt
Raúl Carrillo 2 h
"By illuminating the origins of postcolonial economic struggles, MMT shows us how to overcome them." -
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Stephanie Kelton 21 min
advocates take heed! A creates a perfectly elastic demand for labor. To fulfill the promise, the funding must also be perfectly elastic. No discretionary, predetermined budget and no dedicated “revenue” source. Or. It. Will. Fail.
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Stephanie Kelton retweetelt
Barmak Nassirian 2 h
Sometimes, the text lifts off the page and grabs you by the collar
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Stephanie Kelton retweetelt
Be A King 4 h
This is a convenient lie that people tell themselves and others. Racism persists as one of the Triple Evils that my father spoke about. It fuels housing discrimination, constructs the school to prison pipeline and is the cement that would be used to build the wall.
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Stephanie Kelton 4 h
Some errors, but overall pretty good.
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Stephanie Kelton 6 h
Válasz neki: @WaywardWinifred
You sleep?
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Stephanie Kelton retweetelt
Christopher Deluzio 21 h
Definitely check out the work of and other advocates of modern monetary theory (MMT) -- they're offering a framework to better understand the debt without fear and to avoid ending up in austerity-land.
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Stephanie Kelton 22 h
I just listened. You guys had a really great discussion.
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Stephanie Kelton 23 h
"Functional Finance is most likely to be put into regular practice not as the distinguishing policy of a particular party but as the obvious thing to do, irrespective of party." ~Abba Lerner, 1951
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Stephanie Kelton 23 h
Monster thread. 👹 Eric is so thorough. S(TAB)
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Stephanie Kelton jan. 18.
Pretty amazing passage from Abba Lerner (1951), in light of the recent smattering of attacks on MMT—all of which admit that the *economics* are sound.
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Stephanie Kelton jan. 18.
Just over a year ago, posed some questions for MMTers. Randy Wray and I replied. Notice how we responded even then that relying on Congress to raise/cut taxes was not the right way to deal with inflation.
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Stephanie Kelton jan. 18.
And it hasn't been updated in years.
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Stephanie Kelton jan. 18.
Válasz neki: @Mauerback @rohangrey és 6 másik
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Stephanie Kelton jan. 18.
Válasz neki: @wbmosler
Care to explain how/why for those following along?
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Stephanie Kelton jan. 18.
Válasz neki: @jbarro
Yes, and the budgeting process now includes analysis from third-parties like CBO and JCT (among others).
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Stephanie Kelton jan. 18.
Válasz neki: @jbarro
Never said Congress should predict
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Stephanie Kelton jan. 18.
Response was in my CNN Q&A
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Stephanie Kelton jan. 18.
Válasz neki: @dandolfa @stf18
No to use of “finance.”
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Stephanie Kelton jan. 18.
Válasz neki: @stf18
Or, as puts it, MMT replaces the conventional budget constraint with an inflation constraint.
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