Stephanie Kelton: The Public Purse

Comments · 527

• HE

  @Herbwise · 5 years ago

  During WWII in Canada the MPs were concerned about the growing debt. When one of the MPs commented that the government debt was a private sector asset, the governor of the Bank of Canada agreed. The finance minister then commented,” If the government debt is a private sector asset, how do we make it an asset of the people.” And national health care, pharmacare, universal daycare, national pensions, national highways, railroads, etc. are examples of how this has been done.

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• JA

  @jamesdecross1035 · 1 year ago

  We need to hear this once again. And again, and again.

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• IA

  @ianboard544 · 2 months ago

  I would like to hear the proponents of MMT discuss it's  pitfalls and practical difficulties (of which I can see many).

• SC

  @scottmorrison6172 · 7 years ago

  <a href="https://www.youtube.com/watch?v=6IBEoWSiTHc&amp;t=5040">1:24:00</a> She has already said that the public needs are decided at the local level.

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• 19

  @19battlehill · 6 years ago

  All of the V shape recession recovery came from Private Sector just took on bigger debt. &nbsp;Now they can&apos;t take on more debt and economy suffers.

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• MI

  @mitchclark1532 · 7 years ago

  Brilliant, engaging, accessible. Professor Kelton has built a great big body of argumentation that has extreme ability to persuade. I learned MMT from her.

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• JO

  @jones1351 · 6 years ago (edited)

  They (Mazzucato and Kelton) came correct, right out of the gate.<br>Kennedy didn&apos;t say, &apos;... uuh, yea... uhm, if we can find the money in the budget and make it deficit neutral, ... um, we&apos;ll take a shot at going to the moon... maybe, ...some day...&apos;<br>He said, &apos;We&apos;re going the moon by the end of the decade... not because it&apos;s easy, but because it&apos;s hard (period).<br>Where did our balls go?<br><br>P.S. Great editing.

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• SO

  @sonjak8265 · 7 years ago

  A historical analysis of how this monetary policy has been implemented in other countries and epochs and to what results is needed here, as well as an analysis of the relationship between Federal Reserve and the US government.

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• EV

  @evanokeroa4877 · 5 years ago

  Love her kind

• MU

  @mumitm8212 · 10 days ago

  I&apos;m confused because the deficit accrues interest which then becomes part of public spending so how can we keep running a deficit if more and more of the expenditure is interest servicing?

• NO

  @Notecrusher · 7 years ago

  I&apos;ve been following Stephanie for years. She is continually upping her game and explains economics better than anyone. I have personally asked her to write a book for the general public. I anxiously look forward to it.

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• DR

  @drakekoefoed1642 · 7 years ago (edited)

  How will you pay for it? &nbsp;By check.<br><br>we paid how for $15T to bail out goldman sachs and some other criminal enterprises?

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