As James Galbraith put it years ago, "It's the interest rate, stupid."
Nostalgia: Carlos "beowulf" Mucha liberally quoted. And no, not "the coin."
How to Cut $2 Trillion in Federal Spending Without Breaking a Sweat
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:
Stephanie trying to talk some sense there, and the comments are nearly all still 'Orange man bad'.
It's exactly what I proposed in a recent video.
This is going to be funny .., you have Trump wanting ZIRP and the loonie left is going to be supporting “Fed independence!” and higher rates.., 😂😂😂
“ instruct the Federal Reserve to permanently bring the overnight interest rate down to ~zero percent and to rely on other tools to influence the broader economy.”
All the “other tools” are the same old Monetarist reification errors as usual… what is she talking about? “QE” and “QT”? Control the “money supply!” ?
Post a Comment