Bloomberg Technology
That’s Debatable: Stop Worrying About National Deficits
Dec.04 — Governments around the world have spent unprecedented sums to combat the economic impact of coronavirus. Is rising debt cause for concern? A new crop of economists – adherents to Modern Monetary Theory – have a bold proposition: Don’t worry about it. But others are more wary. The debaters: Stephanie Kelton, Stony Brook University…
Bloomberg Technology
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Bloomberg Technology
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Bloomberg Technology
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Abiel Alvarenga
December 5, 2020 at 1:01 am
Todd and Otmar swept the floor on this one
Theresa Sanders
December 5, 2020 at 6:15 pm
How so? The overall vote was not in those slimeballs favor!
Abiel Alvarenga
December 5, 2020 at 10:49 pm
@Theresa Sanders I don’t count votes as an indicator for correctness. The oppositions point was extremely weak and out of touch especially at the end. What is this lady thinking? Bonds can be passed down to the kids? Lmaooo that is one of the most elitist statements I’ve ever heard. And ofc they were Keynesians. Even Keynes wasn’t a fan of using this policy across the board for so long. Sadly, he passed before he could warn the world that it isn’t a sustainable system but governments ran away with it when ww2 ended. These policies are beneficial to politicians only bc their solutions work only for the short term bc of incumbency
CarJaune
December 6, 2020 at 7:25 pm
You mean, with their teeth?
Dorivaldo Alexandre Santos
December 5, 2020 at 1:48 am
MMT chills are undercover Bitcoin evangelists.
Theresa Sanders
December 5, 2020 at 6:16 pm
That is pure silliness!
CarJaune
December 6, 2020 at 7:25 pm
So far from the truth… thanks for your participation in the comment section
Justin Lee
December 5, 2020 at 7:12 am
Todd was definitely getting a little too personal going after Stephanie, basically calling Modern Monetary Theory bullshit
Keith magnuson
December 5, 2020 at 3:02 pm
Funny how the guys on the right have no idea how a pegged currency and borrowing in a foreign currency are not the US.
Abiel Alvarenga
December 5, 2020 at 11:03 pm
What gave you that idea
franofilini1
December 5, 2020 at 4:59 pm
Dissapointing that no mention that
1)if it was not for Oil countries trading oil with currency using $, $ would have fell due to deficit
2) amazing that no mention gold manipulation helping $ while bitcoin spikes cause it is unmanipulated.
3) that those who voted for deficit in this program are voting for self interest like tax reductiin and stimulus checks.
4) deficit is good if yiu invest in youth education..infrastructure.. science like US did in 50s 60s.it will fail as a hige burden if spent on stock buy backs and arms/defence.
Theresa Sanders
December 5, 2020 at 6:18 pm
Bitcoin & gold are commodities just like corn & Iphones! Methinks you haven’t studied – not just read an article or listen to some jerk -STUDY & #LearnMMT!
Theresa Sanders
December 5, 2020 at 6:02 pm
EVERY discipline faces a 20-25 year window of acceptance by the Orthodox community when it is presented by new Heterodox Research or a New Discovery. We are at that time slot, that window now, 1st they ignore you, then they make fun of you, & then they fight you, before they accept new & adjusted Truth & Reality!. They did it w/ the Clovis man, w/ the medical breakthru on the cause of Ulcers, etc.! THese Banksters don’t want to lose power, do they? They certainly admitted they can’t understand MMT. It took me 3 months of serious study, from their classes & lectures, taking notes like I was back at University. If they can’t understand MMT, why are they even debating it?
Ali Alper Alemdar
December 6, 2020 at 2:16 am
Turkey’s inflation went out of control, not because of spending but the Fed started to increase the interest rate in 2013 and short-term portfolio investments declined. The major capitalist countries could escape from recessions by having massive government deficits.
Gato Struck
December 6, 2020 at 2:44 pm
Jesus Bloomberg, this piece is like 40% Cutscenes and repitition – how could anyone follow this format structure, one can barly pay attention to the actual arguments
Shaun Ashment
December 6, 2020 at 7:57 pm
Imagine if politicians were required to debate like this. Society would actually be informed and make more informed decisions.