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Any ambitious proposal—whether it’s fixing crumbling infrastructure, instituting Medicare For All, or combating climate change—inevitably sparks a familiar question: how can we afford it? But according to economist Stephanie Kelton, this question means we’re thinking about government spending the wrong way.
Kelton steps forward with a livestream, setting the record straight with bold ideas from Modern Monetary Theory, a fundamentally different approach to using our resources to maximize our potential as a society. Drawing from her book The Deficit Myth: Modern Monetary Theory and the Birth of the People’s Economy, Kelton reframes our understanding of important issues ranging from poverty and inequality to creating jobs and building infrastructure. She guides us to consider which deficits actually matter, offering critical insights about government debt, deficits, inflation, taxes, the financial system, and financial constraints on the federal budget. Join Kelton for a crash course on Modern Monetary Theory, and learn how to go beyond the question of how to pay for improvements and policies that are essential to our society.
Stephanie Kelton is professor of economics and public policy at the State University of New York at Stony Brook and Bloomberg contributing columnist. Kelton was chief economist on the U.S. Senate Budget Committee (minority staff) and an advisor to the Bernie2016 presidential campaign. Her op-eds have appeared in The New York Times, The Washington Post, The Los Angeles Times and Bloomberg.
Presented by Town Hall Seattle.