LISTEN: Stephanie Kelton on how cancelling student debt would benefit the larger economy


In a new study out of the Levy Economics Institute, The Macroeconomic Effects of Student Debt Cancellation, Scott Fullwiler, Stephanie Kelton, Catherine Ruetschlin, and Marshall Steinbaum examine the macroeconomic impacts of an outright cancellation on all outstanding student debt, public and private.

The report set out to answer a simple question: What if all of the $1.4 trillion in U.S. student debt went away? In this special audio clip from our upcoming episode with Stephanie Kelton on Modern Monetary Theory and budget deficit myths, we ask Professor Kelton to walk us through the findings. Check back for the full episode in the coming weeks.


Steve Keen: China's private debt bubble is the biggest in the history of capitalism



Professor Steve Keen, the first economist to predict the 2008 financial crisis, explains the economic situation in China, whose credit bubble is easily the fastest growing in the history of capitalism.




Economic Update: Democratize The Enterprise

This week on Economic Update, Professor Richard D. Wolff delivers updates on corporate tax savings not being used for bonuses or wage increases to employees, why U.S. tariffs will fail to rescue jobs, how UK and...



On The Ground Radio Interview with Prof. Wolff

Prof. Richard Wolff joins host and creator of On The Ground Radio -Voices of Resistance from the nation's capital Esther Iverem on WPFW 89.3 FM.



Economic Update: Marxism's Contribution

This week on Economic Update, Professor Richard D. Wolff delivers delivers updates on New York City's suit against big oil and dumping $5 billion in fossil fuel investments, fast-rising US consumer debt, further attacks on...

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