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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"
May 30
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Stephanie Kelton
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The Deficit Myth is Hanging On for Dear Life
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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…
May 15
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Stephanie Kelton
51
17
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Talking Default with NPR and Bloomberg TV
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March 2023
Magical Monetary Thinking at the Fed Killed SVB
By L. Randall Wray and Stephanie Kelton
Mar 18
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Stephanie Kelton
114
71
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Magical Monetary Thinking at the Fed Killed SVB
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Where To Even Begin?
The Fed's dimmer switch is lighting up credit markets.
Mar 11
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Stephanie Kelton
54
15
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Where To Even Begin?
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February 2023
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…
Feb 26
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Stephanie Kelton
34
41
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More on the Interest-Income Channel
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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…
Feb 19
•
Stephanie Kelton
42
19
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Biden Wants to Bring Down the Deficit. Powell Wants to Bring Down Inflation. Are Rate Hikes Undermining Both Goals?
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Quick Thoughts on CBO's Budget and Economic Outlook
With more to come.
Feb 17
•
Stephanie Kelton
35
51
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Quick Thoughts on CBO's Budget and Economic Outlook
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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…
Feb 12
•
Stephanie Kelton
45
57
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Eight States Have Joined Forces to Raise Taxes on America's Wealthiest
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Danger Ahead: Mike Pence Would Pick Up Where Paul Ryan Left Off
As long as we play along with the "solvency" game, Social Security is vulnerable to privatization.
Feb 4
•
Stephanie Kelton
73
29
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Danger Ahead: Mike Pence Would Pick Up Where Paul Ryan Left Off
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The tl;dr on Powell
The trillion-dollar questions. Answers inside.
Feb 2
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Stephanie Kelton
46
26
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The tl;dr on Powell
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January 2023
The "National Debt" is No One's Fault
Let's stop the finger-pointing and have an honest conversation. Neither side is responsible for our debt crisis, because there isn't one.
Jan 30
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Stephanie Kelton
73
83
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The "National Debt" is No One's Fault
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These Are the Times that Try Men's Souls
And mine too.
Jan 22
•
Stephanie Kelton
79
59
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These Are the Times that Try Men's Souls
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