Program: Are national deficits a myth? Stephanie Kelton explodes an economic holy cow
When governments say they can't afford to fix climate change or lift kids out of poverty are they speaking the truth?
American economist Stephanie Kelton challenges economic orthodoxy in her book The Deficit Myth: Modern Monetary Theory and the Birth of the People's Economy. She joins Natasha Mitchell in conversation.
This event was organised by the 2024 National Sustainability Festival.
Original broadcast on March 27, 2024.
Speaker
Stephanie Kelton
Author of The Deficit Myth: Modern Monetary Theory and the Birth of the People's Economy
Senior Fellow, Schwartz Center for Economic Policy Analysis
Professor of Economics and Public Policy, Stony Brook University.
Former chief economist (Democrats) to the U.S. Senate Budget Committee
Former senior economic adviser to US Presidential candidate Bernie Sanders
Further information
What is modern monetary theory? (Gareth Hutchens, 2020)
What should we make of the new modern monetary theory documentary? (Gareth Hutchens, 2024)
Explainer – what is modern monetary theory (Dr Steven Hall, The Conversation, 2017)
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