Ten things Stephanie Kelton wants you to know about the economy

In times of government spending on an unimaginable scale, a discussion of the ideas of "Modern Monetary Theory" is more topical than ever. One of its probably most famous advocates is the US-American professor Stephanie Kelton. 
3 September, 2020 by
Wirtschafts-Guru Stephanie Kelton: Zehn Dinge, die Sie wissen sollten
GDI Gottlieb Duttweiler Institute
 

Research has been conducted on the ideas of "Modern Monetary Theory" for 20 years. For a long time only celebrated by left-wingers, the provocative theses have now reached the centre of society. US professor Stephanie Kelton says:

 

National debt is at an all time high? There’s no reason to panic.

What does it mean when states keep their deficits small? In a video, the former advisor to US presidential candidate Bernie Sanders explains what she considers to be the ten most important theses of modern monetary theory:

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US economist Stephanie Kelton dispels old myths: “Everything that we've been led to believe about deficits and the role of money and government spending in the economy is wrong, especially the fear that deficits will endanger our long-term prosperity.” The bestselling author of The Deficit Myth is convinced that deficits are not a bad thing. Here, in a video interview, and in a GDI livestream on 10 September 2020, Stephanie Kelton provides solutions for a post-Covid economy.

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