LEFT OUT: Stephanie Kelton on MMT and debunking budget deficit myths

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Left Out, a podcast produced by Michael Palmieri, Dante Dallavalle, and Paul Sliker, creates in-depth conversations with the most interesting political thinkers, heterodox economists, and organizers on the Left. 

Listen to this episode on YouTube, Soundcloud, iTunes, Libsyn, or Patreon.

Stephanie Kelton is a leading American economist and a Professor of Public Policy and Economics at Stony Brook University. Kelton was Chief Economist on the U.S. Senate Budget Committee and Economic Advisor to the Bernie 2016 presidential campaign. She's most known for being a pioneer of Modern Monetary Theory (MMT).

In this episode, Professor Kelton debunks budget deficit and government spending myths, and explains why understanding how our monetary system works is crucial to making the political and economic case for important programs like universal health care, free public higher education, infrastructure investment, and more.

We also explore some current economic issues, including how we might be able to cancel all public and private student debt in the U.S. (The Macroeconomic Effects of Student Debt Cancellation), and lastly the role and challenges of women in economics.

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Showing 1 comment

  • Rona Chadwick
    commented 2020-03-11 17:17:01 -0400
    This was so interesting. I am in australia and have seen the damage caused by forcing private health insurance onto the people (and as a result stealing $6bill pa from the public health system via the associated tax concession). Allowing full fee paying overseas students into universities has compromised academic credibility…there have been numerous complaints by academics pressured to pass full fee paying students. Of course soon after fees increased for all students became the norm so we too have a student debt issue.
    I follow the positive money movement and global tax issues bia taxcast.
    I am sick of deficit thinking and austerity. Go MMT!
    Thanks again.
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