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Speaking of Bernie Sanders: Sanders names 'deficit owl' his chief economist (December 26, 2014)
A prominent advocate of bigger deficits and unconventional economics will be Sen. Bernie Sanders' chief economist when he becomes the ranking member of the Senate Budget Committee in January.

Stephanie Kelton, a self-described "deficit owl" and a leading proponent of the alternative economics theory known as modern monetary theory, announced that she would be the chief economist for the minority on the Budget Committee Friday.

...

Modern monetary theorists, who have pressed their case in journals and blogs in the wake of the recession and ballooning federal deficits, argue that the federal government can never run out of money, as it can print its own, and that deficits are helpful for growth.



A society committed to the notion that government is always bad will have bad government. And it doesn't have to be that way. — Paul Krugman
by Migeru (migeru at eurotrib dot com) on Thu Jan 1st, 2015 at 10:31:54 AM EST
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How many of us even knew there was a separate chief economist for the minority before her appointment?
by gk (gk (gk quattro due due sette @gmail.com)) on Thu Jan 1st, 2015 at 10:36:12 AM EST
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Didn't you meet her? At the very least she now has a platform from which to speak to a national audience. Even Rachael Maddow, who usually eschews economic topics, might find her irresistible as a guest on her show - unless MSNBC execs veto the idea.  

"It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Thu Jan 1st, 2015 at 11:10:30 AM EST
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Yes I did.

A society committed to the notion that government is always bad will have bad government. And it doesn't have to be that way. — Paul Krugman
by Migeru (migeru at eurotrib dot com) on Sun Jan 4th, 2015 at 03:36:28 PM EST
[ Parent ]

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