May is always an exciting and busy time of year for me. It marks the end of the spring semester, which means holing up for several days to grade exams and then….a whole summer with nothing to do. Ok, I’m kidding. I have a busy summer ahead of me, starting with a quick trip to Houston on Tuesday, where I’ll be talking about inflation and the economic outlook at a client event. After that, I’ll be feverishly working on my next book, which is a follow-up to
Need more economics not schedule.
Wonderful work! Have you thought of eliminating this debt problem by issuing equity? Yes. “Take Stock In America” literally this time. As you know when an IPO is issued the issuer gets all the proceeds and could care less what the value is afterwards. Let’s issue AERO’s. American Equity Reformation Obligations and make the dollar digital. Payoff all the debt and let the “dollar” be worth the true productivity of America. There’s so much to think about!
Ahh, come on! Give us a clue about the focus of your new book!
I read your book, " The Deficit Myth" and found it to be a real eye opener on how the economy works. It inspired me to further research MMT by other economists. I am looking forward to your next book. I despair though that those in gov't still follow the traditional, classical econ by the way we are constantly gaslit on the way our taxes pay for budgeted items and how we must reduce the deficit to help with the inflation. Don't we have any MMT advocates in the econ and finance sectors of gov't to combat these 'myths'? I am also disgusted with the way those in gov't constantly tell us that Soc Sec will end soon because of the lack of funds. In your book you had a reasonably logical solution to this. Why doesn't any one introduce legislation to change these laws? Looking forward to your podcasts and news letters to address these pressing issues.
Be safe, wear a good mask when traveling, and avoid crowded rooms whenever possible. (I know, that can be difficult at a conference.)
Idea for Best New Ideas in Money: brain and resource drain of military industrial complex and ideas for how to untangle the entrenchment of weapons makers' jobs distributed throughout congressional districts.
Looking forward to the next instalment!
Godspeed and thank you for all the early looks. I'd like your assessment of Yellen's performance thus far. I see the same old approach to dealing with inflation and hope you may see something I don't.
Looking forward to your next book. Would be happy to pre-order on Amazon. Best of luck.
Dr.Kelton, a big, senior, fan here !-I've read your book and more by studying MMT as a foundation to understanding how to fight our democracy damaging inequality. You especially, and your colleagues, have in a relatively short time brought MMT to the center of the national
discussion, an amazing accomplishment. MMT just makes common sense !! And coupled with a progressive tax system with the wealthy paying their fair share much can be done to invest in people !! and bring back a sizable, healthy, middle class. Directing government investment in providing healthcare.,quality education thru the college level and employment at a living wage with benefits to anyone willing to work who can't find work in the private economy is the foundation of "building back better" to me.
Of these investments ,the one least understood, even discussed or considered, is a Gov't Guaranteed Jobs program-GGJP- which would bring to every area of the country services and support needed for a multitude of community services and support for the present and future we face.
I would appreciate very much ,your thoughts, especially on a GGJP and the other "people investment" programs mentioned here regards MMT--your work is vital and much appreciated
and is casting a wide and greatly needed awakening--Ron Sisk
A follow up to the Deficit Myth? That's gonna be a really tough act to follow! Nobody better suited than you! I hope this book hits just as hard, if not harder. Looking forward..