TYT Interviews – Dr. Stephanie Kelton

In Membership, TYT Interviews - On Demand by Gigi Manukyan3 Comments

TYT Politics’ Nomiki Konst interviews Dr. Stephanie Kelton on how we need to change our views on the economy.

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  1. hallelujah! TYT is getting on board with MMT. Washington DC’s best kept secret. It’s a shell game. They only want to funnel money to their favorite donors, then turn around and pretend “we’re broke”. Dems are in on it. It’s time to stop fighting amongst each other over “taxpayer dollars” and start demanding direct funding of progressive programs. We have the money now, not in some distant future. I’m no economist, but I think people are catching on to the scam. Like she said, it started with Reagan.

  3. She seems to one of the few economists today that actually seem to “get” what Adam Smith in his book published awhile ago in 1775. Possibly the most important (of many) economic insights he had was that the “Wealth of a nation” is dependent on the total value of all the economic transactions per unit time–what happens in the “real” economy, NOT on the total amount of money, which in Smith’s time was often considered gold–now, even worse, it’s thought of as total stock value, or total savings, or total of numbers in a Social Security “lockbox” somewhere–or whatever paper metric the financial geniuses have newly invented which are only numbers residing on a piece of paper–or in a computer.

    She obviously is reassuring proof to me that not all economic experts are total idiots–Paul Ryan a prime example– nevertheless they usually claim to understand Adam Smith when they really do not. Even Greenspan seems to at least have a clue.

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