A few days ago, Democratic Congressman John Yarmuth of Kentucky announced that after sixteen years in Congress he would not seek re-election in 2022. Yarmuth, who once considered himself a “Rockefeller Republican,” was instrumental in getting the $1.9 trillion American Rescue Plan to President Biden’s desk in March of this year. Since then, the formerly fiscally conservative Congressman has worked tirelessly to authorize trillions more.
I trust we're not losing the "lone voice" in Congress with his retirement. Certainly his stepping down is a great loss to "we the people." We need more Deficit Owls therein.
Stephanie, I've probably watched 90% of your YouTube videos, read your book, and a few others, so I think I understand MMT. The question I have been pondering is since the public doesn't understand is there a level of National Debt at which the public is likely to lose faith in the government... that is supposing they have some at the moment?
Stephanie Kelton writes, "Based on my own interactions with lawmakers on the Hill, I would estimate that roughly one-third of Congress is now MMT conversant."
How do we raise that ratio from one-third to at least one-half? Do we send every member of Congress a copy of The Deficit Myth? Should we develop a district-by-district campaign to educate Congress members and their staff? Should we develop a scoreboard (http://lerner-minsky.org/resources/functional-finance-scoreboard.pdf) to rate Congress members on their MMT-conversancy?
A Question/Concern about Inflation due to Supply Chain Disruption:
Won't it be possibly be more permanent, because of trouble in China? Shouldn't then the US response be to use select technology, MMT Lens & possibly select skilled immigration to hugely increase Manufacturing in the US?
Also, does the $3.5T do much about affordable housing? (which depends on a lot more I gather).
I neglected to mentioned the many prayers we’ve offered for those devastated by tornadoes especially the people now suffering in Kentucky. May God have mercy.
I trust we're not losing the "lone voice" in Congress with his retirement. Certainly his stepping down is a great loss to "we the people." We need more Deficit Owls therein.
Thank you so much for adding the Macro n Cheese to this blog post. Yarmuth and his son are national treasures.
Stephanie, I've probably watched 90% of your YouTube videos, read your book, and a few others, so I think I understand MMT. The question I have been pondering is since the public doesn't understand is there a level of National Debt at which the public is likely to lose faith in the government... that is supposing they have some at the moment?
We have nobody like that amongst UK lawmakers. 😩
Stephanie Kelton writes, "Based on my own interactions with lawmakers on the Hill, I would estimate that roughly one-third of Congress is now MMT conversant."
How do we raise that ratio from one-third to at least one-half? Do we send every member of Congress a copy of The Deficit Myth? Should we develop a district-by-district campaign to educate Congress members and their staff? Should we develop a scoreboard (http://lerner-minsky.org/resources/functional-finance-scoreboard.pdf) to rate Congress members on their MMT-conversancy?
Hello Stephanie;
A Question/Concern about Inflation due to Supply Chain Disruption:
Won't it be possibly be more permanent, because of trouble in China? Shouldn't then the US response be to use select technology, MMT Lens & possibly select skilled immigration to hugely increase Manufacturing in the US?
Also, does the $3.5T do much about affordable housing? (which depends on a lot more I gather).
Speed the day that we get naked monetary truth from a politician not intending to retire but actually seeking re-election.
I neglected to mentioned the many prayers we’ve offered for those devastated by tornadoes especially the people now suffering in Kentucky. May God have mercy.