Friday, June 29, 2012

Stephanie Kelton — MMT Basics: You cannot consider the deficit in isolation


MMT FYI

Presentation at Slide Share (Posted by Mitch Green)
MMT Basics: You cannot consider the deficit in isolation
Stephanie Kelton | Associate Professor of Economics, UMKC
(h/t Scott Fillwiler via Twitter)

4 comments:

Pete said...

Is it just me, or does Mike look like he smoking a spliff on that youtube still on the top left of the homepage?

"hffffffft...yep...the gold standard is....ggcchhh....dumb dude...hooooooooooh"

Matt Franko said...

Pete,

Mike talking while high would still be more edifying than listening to the stone-cold-sober morons ... ;)

Pete said...

Mike talking while high would still be more edifying than listening to the stone-cold-sober morons ... ;)

It depends on which morons you're talking about.

miller B said...

so it appears to me in slide 6/8 that recession only occur while the private sector is accumulating a surplus. But recessions only end when the private sector is shedding the current surplus it received. Or to say, a good economy is when the private sector spends more than it's income. Certainly not what most would envision.