Wednesday, September 14, 2022

The Rate Hikes Will Continue Until Morale Improves — Stephanie Kelton

Rent inflation, not wage increases. But the Fed only has a shotgun to use.

The Lens
The Rate Hikes Will Continue Until Morale Improves
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

4 comments:

Peter Pan said...

One shotgun... and voting blue no matter who.

This is what MMT has managed to imbue into the collective zeitgeist.

Matt Franko said...

“ Buckle up! The rate hikes will continue (at least) until the economic recovery gives way to recession”

MMT calling recession…. write it down…

Atlanta Fed GDPNow still +1.3%…

mike norman said...

Kelton has completely bought into the monetarist paradigm. Zero mention of rising fiscal transfers via the interest channel. Her "analysis" is pure monetarist b.s.

Kelton is the new Meredith Whitney. Remember her? I didn't think so.

Matt Franko said...

Oops… Atlanta Fed gdp now just dropped to 0.5%…