Sunday, August 19, 2018

Charlotte Cowles — Stephanie Kelton Wants You to Ask: ‘What Does a Good Economy Look Like?’

It’s rare for a fiscal policy wonk to attain political celebrity status, but economist Stephanie Kelton, a professor at Stony Brook University in New York, is one of the hottest names in Washington right now. Though her ideas were considered radical just a few years ago (Paul Krugman flatly rejected the premise of her research in a 2011 New York Times column), several of the policies she helped popularize, such as nationwide student debt cancellation and a federal jobs guarantee, have become hallmarks of emerging progressive ideology, championed by politicians like Democratic House nominee Alexandria Ocasio-Cortez, Senator Kirsten Gillibrand, and Senator Bernie Sanders. (Kelton served as Sanders’ chief economic adviser during his 2016 presidential run.) 
At 48, Kelton is a fast, earnest speaker eager to explain her ideas to anyone who asks. She packs conference halls (even a sports arena, in one case), appears regularly on MSNBC, cultivates a robust Twitter presence, and even lists her cellphone number on her website for journalists on a deadline—although lately, she’s been fielding just as many calls from political candidates seeking her counsel. “I’ve spent the whole summer on Skype with an awful lot of people running for office,” she says brightly. “They’re reaching out because they want to get the economics right, which is so heartening.”…
Closing the last mile. The strategy is paying off.

This is a really good "elevator speech" for MMT advocates and also politicians and others that need to explain economic policy and answer questions about policy proposals.

Make Change
Stephanie Kelton Wants You to Ask: ‘What Does a Good Economy Look Like?’
Charlotte Cowles

3 comments:

Matt Franko said...

Mike already did this over 10 years ago...

Tom Hickey said...

Mike already did this over 10 years ago...

Yes, and owing to the work of a lot of dedicated people, the message is now getting some serious traction.

Took some girl power. Stephanie and Pavlina have been out front lately.

Unknown said...

There was a good interview of Warren Mosler in USVI, where he is running d=for Governor.

In there, he claims credit (and I believe him) for Obama's 2% FICA tax holiday. Warren wanted a complete FICA tax holiday, but the Obama administration chickened out.