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The Deficit Myth is Hanging On for Dear Life
The old playbook is making a comeback. Democrats and Republics are closing in on a "debt" limit deal with the "Fiscal Responsibility Act"
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Stephanie Kelton
85
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Talking Default with NPR and Bloomberg TV
The debt limit is destructive, duplicative, and dumb. That was the title of a post I wrote a few days after the US hit this self-imposed anachronism…
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Stephanie Kelton
17
Magical Monetary Thinking at the Fed Killed SVB
By L. Randall Wray and Stephanie Kelton
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Stephanie Kelton
71
Where To Even Begin?
The Fed's dimmer switch is lighting up credit markets.
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Stephanie Kelton
15
More on the Interest-Income Channel
Last weekend, I wrote about Warren Mosler’s argument that the Fed’s rate hikes could be undermining its effort to bring down inflation. While Mosler is…
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Stephanie Kelton
41
Biden Wants to Bring Down the Deficit. Powell Wants to Bring Down Inflation. Are Rate Hikes Undermining Both Goals?
Last week, Fed Chair Jerome Powell said, “the disinflationary process has begun.” Many breathed a sigh of relief even as Powell told us that the process…
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Stephanie Kelton
19
Quick Thoughts on CBO's Budget and Economic Outlook
With more to come.
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Stephanie Kelton
51
Eight States Have Joined Forces to Raise Taxes on America's Wealthiest
Tomorrow morning, I’ll join CNBC’s Squawk Box to talk about a new effort to tax the rich. The segment will air at 7:50 ET. I’m not referring to the…
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Stephanie Kelton
57
The Lens
The Lens
Economic analysis, research, and commentary using the lens of MMT
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