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The U.S. can afford a $350 billion job-guarantee program. But if you tie that to a Green New Deal, then all bets are off.
The post How to Tell When Deficit Spending Crosses a Line appeared first on Stephanie Kelton.
My new favourite song by one of my all-time favourite composers.
Paul Krugman’s macro framework is leading him astray.
The post The Clock Runs Down on Mainstream Keynesianism appeared first on Stephanie Kelton.
Ask me any sport related question. I could not give a toss about it. Invite me to hit, kick or throw a ball and you’ll regret it. Despite my tragic failure to care about any sports I do love people who do.
I discovered a Gabriel Garcia Marquez article …
Paul Krugman’s macro framework is leading him astray.
The post Paul Krugman Asked Me About Modern Monetary Theory. Here Are 4 Answers. appeared first on Stephanie Kelton.
https://www.etsy.com/listing/639060661/book-of-memoirs-of-a-very-stable-genius
There are no inherent tradeoffs between fiscal and monetary policy.
The post Modern Monetary Theory Is Not a Recipe for Doom appeared first on Stephanie Kelton.
Back home in suburbia, it is a Tuesday morning. Pre dawn I was awoken by three metallic taps. In conversation with Re we realise the same three taps disturb our sleep at the same hour every morning. Comforting in their regularity, like all the other …
To escape higher taxes, they must embrace deficits.
The post The Wealthy Are Victims of Their Own Propaganda appeared first on Stephanie Kelton.
Our flight from London has been a bit special. We flew north over Copenhagen. The sun dropped low and the clouds cleared revealing the Baltic islands rimmed in golden sunlight.
On we flew over the snow covered fields of Estonia and night fell. I …
We have less than 20 hours left before boarding our plane back to Australia. I am full of the usual salamagundy mix of emotions. Let’s not trawl through that though. The past couple of weeks have been intense. Seeing friends and family like this always ends up feeling like …
We are on the train to Newcastle. We overslept and had to run like maniacs to get here. I managed to misplace my oyster card and my subsequent tube ticket to kings cross. The ticket gate staff were probably too startled by my sweaty panicked luggage humping madness to stop …
I woke up early this morning, and those of you live above 45° parallel north or so are used to the “I'm wide awake but it's still dark as night” feeling in the winter. I usually don't turn on the lights, wander into my office, and just bring my computer out of hibernate; that takes a bit as my 100% Free-Software-only computer is old and slow, so I usually go to make coffee while that happens.
As I came back in my office this morning I was a bit struck by both displays with the huge Debian screen lock image, and it got me thinking of how Debian has been my companion for so many years. I spoke about this at DebConf 15 a bit, and wrote about a similar concept years before. I realize that it's been almost nine years that I've been thinking rather deeply about my personal relationship with Debian and why it matters.