Finding the Money with Stephanie Kelton
23K views · Mar 12, 2024 · News & Politics
Comments · 163
@JonathanMaddox · 2 years ago (edited)
The 60-page Levy report Kelton mentions at <a href="https://www.youtube.com/watch?v=l2mL2XquYBE&t=3189">53:09</a> is L. Randall Wray, Flavia Dantas, Scott Fullwiler, Pavlina R. Tcherneva,<br>and Stephanie A. Kelton, "Public Service Employment: A Path to Full Employment", Levy Institute, April 2018. I tried and failed to post a link here but with the list of authors it's easy to find.
18
@cosmicblaze1608 · 2 years ago
Thanks for getting Stephanie in for a discussion. Would be great to get Bill Mitchell in as he was one of the founders of MMT. Learnt so much from his blog.
13
@Splattle101 · 2 years ago
At 8 min, talking about common misconceptions, Q: "What do banks do?" A: "Lend other people's money."<br>That was the view Paul Krugman propounded in his NYT column, where he was publicly contradicted by economists and bankers in his comments. It was brutal.
15
@detectiveofmoneypolitics · 2 years ago
Economic investigator Frank G Melbourne Australia is following this informative content cheers Frank 😊
3
@qbas81 · 2 years ago
Will watch with interest!
1
@carolion48 · 1 year ago
Really interested in MMT. Been doing some reading and watched the documentary which was really great. Thanks, Stephanie and all of the other MMT who have taken the risk on saying something different. I wish the interviewer would ask a straightforward question and let her answer.
1
@tomstruct · 2 years ago
Thanks folks 🎉
1
@wanderingfido · 2 years ago
There needs to be a moderated and televised panel that includes Stephanie Kelton <i>and</i> Carmen Reinhart.
@attilajuhasz2526 · 2 years ago
Fascinating.
2
@iaindooley9275 · 2 years ago
The question of why we continually hear governments from both sides of the aisle talk about the need to return to surplus is that they are legally obliged to do so by the Charter of Budget Honesty act 1998 which mandates that the economy be run according to “sound finance” principles. It may be the case that if we change the word “sound” in that act to “functional” then our entire economy would run differently. Wouldn’t it be amazing if changing just one word in one act was all it took?!
6
@gideoncor · 2 years ago
What is so heartbreaking is that when you finally understand sovereign currencies and real resources, you realise that in a resource-rich, currency-issuing country like Australia, poverty, homelessness, and crumbling infrastructure like your defunct community swimming pool or library is just a choice. It's just a sad, stupid, political choice.
84
@brendanmahony3002 · 2 years ago
One way to understand MMT is that it follows from the observation that the federal government issues the Australian dollar and it does it through federal spending bills.<br><br>Oh and indirectly through bank lending.<br><br>Issuing currency should be added to the United Nations Charter of Human Rights. It should be an individual right.
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