Stephanie Kelton's Email & Phone Number

American economist

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About Stephanie Kelton

📖 Summary

Stephanie Kelton is an influential American economist known for her groundbreaking work in the field of Modern Monetary Theory (MMT). As a former adviser to Senator Bernie Sanders and a professor of economics at Stony Brook University, Kelton has been at the forefront of challenging conventional economic thinking and advocating for a new approach to fiscal policy.

Kelton's work on MMT has gained widespread attention for its radical departure from traditional economic theories. MMT posits that a government that issues its own currency can never "run out" of money and can afford to fund any program it chooses, as long as the resources needed to fulfill the program's goals are available. This perspective has significant implications for how we think about government spending, deficits, and the role of taxation.

Kelton's book "The Deficit Myth: Modern Monetary Theory and the Birth of the People's Economy" has been a seminal work in popularizing MMT and challenging mainstream economic orthodoxy. In it, she argues that the common belief that deficits are inherently bad for the economy is based on outdated thinking and does not reflect the reality of a sovereign government's ability to manage its own currency.

In addition to her academic work, Kelton is a prominent voice in the public discourse on economic policy. She has been a frequent commentator on television and in print, offering her insights on a wide range of economic issues, from government spending and deficits to income inequality and the role of the Federal Reserve. Her ability to communicate complex economic concepts in a clear and accessible manner has made her a sought-after speaker and a leading advocate for a more progressive approach to fiscal policy.

Kelton's influence has extended beyond the academic and public policy arenas. She has been an influential figure in progressive political circles, particularly in the United States. Her work has informed the economic platforms of politicians such as Bernie Sanders, who has embraced MMT as a guiding principle in his advocacy for policies such as Medicare for All, tuition-free college, and a federal jobs guarantee.

Kelton's impact on the field of economics and public policy cannot be overstated. Her work has challenged long-held assumptions about government spending and deficits, and has sparked a much-needed debate about the role of fiscal policy in addressing the pressing economic challenges of our time. Whether through her academic research, her public advocacy, or her role as a policy adviser, Stephanie Kelton has been a leading voice in reshaping the way we think about economics and the role of government in promoting the well-being of society. Her influence will undoubtedly continue to shape the economic discourse for years to come.

Frequently Asked Questions about Stephanie Kelton

Does Paul Krugman support MMT?

Krugman sees MMT as saying that fiscal policy can always deliver the “right size” deficit to maintain full employment. He's challenging that by asserting that you can have any size deficit and still have full employment because the central bank can always establish the “right size” interest rate to get you there.Mar 1, 2019

Where does Stephanie Kelton teach?

Stephanie Kelton is a professor of economics and public policy at Stony Brook University and a Senior Fellow at the Schwartz Center for Economic Policy Analysis at the New School for Social Research.

Who is the professor of economics and public policy at Stony Brook University?

Stephanie Kelton is a professor of economics and public policy at Stony Brook University.

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