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)

2 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"

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.