I joined CNBC’s Squawk Box on Wednesday morning to respond to some breaking data from the Bureau of Economic Analysis. We learned (among other things) that the US economy grew at an exceptionally strong (3.2 percent) pace in the final quart of 2023. The segment starts around
On a more positive note, score one for MMT spending into existence big sums to grow domestic industry, especially chip fabrication and the ‘knock on’ benefits to new manufacturing- high and ‘low’ tech. Ditto for transportation improvements- especially mass transit as personal cars become less affordable- population densities can be eased if folks can get to work or school or market affordably. Over time these additional trillions can be taxed back into extinction. Easy peasy, no?
Excellent job Stephanie K! You’ve done superb work getting the MMT lens out to the masses in the most consumable I encountered. I use your words to advocate for MMT to my Federal colleagues continually to some success. When’s the new book coming out?
Bipartisan Infrastructure? Are you attempting some humor? This is corporate socialism on steroids, of course they like to call it subsidies, tax incentives, etc.
I'm looking forward to when you finally take the gloves off!
Good news that comes from solid analysis in an excellent theoretic framework. My deepest respect for engaging the media whose bent is corporate and downright silly. Intelligence must be combined with great patience and good humor and you have delivered both. And yet, the border is in crisis, and the economy is somehow going badly. Your courage is admirable.
Thanks Stephanie for this. It certainly seems under reported. The fear mongering GOP house seems to think only cartel gangs are coming across the border!
Thank you for these great insights. Especially German politics could learn a lot. Instead of Big Fiscal we have Big Austerity and dull discussions on debt brakes and immigration limits.... The results are impressively reflected in the chart...
Steohanie Kelton keeps selling an idea that has long since fallen into irrelevance. Deficits may be essential for a growing economy, but this economy is actually shrinking. The commercial real-estate market is about to implode. Stock buybacks are a sign of shrinking corporations even when financed by a growing money supply. When are MMT proponents actually going to apply the theories that they are promoting? What is the point of growing the manufacturing side of the economy while shrinking the purchasing side of the economy?
Absolutely correct my pov. The fed should be privately owned without compound interest rates. Michael Hudson is a global guru regarding the absurdity of compound interest!
Thank you for this post. I'm glad to learn more about the long-term benefits ($trillions!) and, especially, about the connection to "Big Immigration."
On a more positive note, score one for MMT spending into existence big sums to grow domestic industry, especially chip fabrication and the ‘knock on’ benefits to new manufacturing- high and ‘low’ tech. Ditto for transportation improvements- especially mass transit as personal cars become less affordable- population densities can be eased if folks can get to work or school or market affordably. Over time these additional trillions can be taxed back into extinction. Easy peasy, no?
Excellent job Stephanie K! You’ve done superb work getting the MMT lens out to the masses in the most consumable I encountered. I use your words to advocate for MMT to my Federal colleagues continually to some success. When’s the new book coming out?
Bipartisan Infrastructure? Are you attempting some humor? This is corporate socialism on steroids, of course they like to call it subsidies, tax incentives, etc.
I'm looking forward to when you finally take the gloves off!
Thanks for going on CNBC with the twits. :)
Good news that comes from solid analysis in an excellent theoretic framework. My deepest respect for engaging the media whose bent is corporate and downright silly. Intelligence must be combined with great patience and good humor and you have delivered both. And yet, the border is in crisis, and the economy is somehow going badly. Your courage is admirable.
Thanks Stephanie for this. It certainly seems under reported. The fear mongering GOP house seems to think only cartel gangs are coming across the border!
Thank you for these great insights. Especially German politics could learn a lot. Instead of Big Fiscal we have Big Austerity and dull discussions on debt brakes and immigration limits.... The results are impressively reflected in the chart...
Steohanie Kelton keeps selling an idea that has long since fallen into irrelevance. Deficits may be essential for a growing economy, but this economy is actually shrinking. The commercial real-estate market is about to implode. Stock buybacks are a sign of shrinking corporations even when financed by a growing money supply. When are MMT proponents actually going to apply the theories that they are promoting? What is the point of growing the manufacturing side of the economy while shrinking the purchasing side of the economy?
So are you saying the US can actually nail a soft landing this time and no recession ahead sooon? 🤔
Absolutely correct my pov. The fed should be privately owned without compound interest rates. Michael Hudson is a global guru regarding the absurdity of compound interest!
i'll consider the source, thx
Roger, the US is the biggest war criminal on the face of the earth, my pov. Israel and the Saudi's are in the running the the #2 spot.
The US has messed up more than 1/2 of the countries in our hemisphere and boatloads in Africa with our colonial buddies in Europe.