Monday, September 26, 2022

The Oldest Trick in the Book — Stephanie Kelton

Cut taxes. Cry Broke. Defund the public sector....
The Lens
The Oldest Trick in the Book
Stephanie Kelton | Professor of Public Policy and Economics at Stony Brook University, formerly Democrats' chief economist on the staff of the U.S. Senate Budget Committee, and an economic adviser to the 2016 presidential campaign of Senator Bernie Sanders


Matt Franko said...

“ (1) push through massive tax cuts that disproportionately benefit the rich; (2) claim the tax cuts will “pay for” themselves through higher growth; (3) watch the debt and deficit soar; (4) clutch pearls; (5) demand cuts to public programs as the only alternative (TINA).”

Where is the inclusion of the risk free rate policy? She cites Reagan era and the volcker Fed increased rates to 22% during Reagan’s first term…. doesn’t matter?

Matt Franko said...

Also Reagan admin increased Defense spending..,