Informed progressive observers will recognize many of the letter’s signatories, starting with Stephanie Kelton, a University of Missouri-Kansas City economist who has been a top adviser to Sanders.The Huffington Post
A Bunch Of Influential Progressives Just Gave Hillary Clinton Their Stamp Of Approval
Jonathan Cohn
MMT elite must see a big war as fiscal...
ReplyDeleteI would go for higher rates for fiscal rather than war at this juncture....
Kelton should stick to teaching at no-name universities.
ReplyDeleteMike looks like it is coming down to a either big war or higher rates for substantive fiscal support...
ReplyDeleteMMT elite are pretty invested in permanent ZIRP so looks like war as their default perhaps...
If by some miracle the Fed starts to raise in earnest (and pronto) imo most of this goes away for now so we can at least hope...
Matt, this is the "left" position:
ReplyDeletehttp://stumblingandmumbling.typepad.com/stumbling_and_mumbling/2016/10/in-defence-of-bank-independence.html
Random, very revealing.... not very democratic imo...
ReplyDelete@Matt
ReplyDeleteMilitary Monetary Theory ;)