I'm stoked that Stephanie Kelton @stephaniekelton.bsky.social is coming to speak in Vancouver on Sept 24. This is going to be a thought-provoking event that you won't want to miss. Get your tix here: www.showpass.com/stephanie-ke...
Stephanie Kelton
@stephaniekelton.bsky.social
Author of the NYT bestseller The Deficit Myth. Professor of Economics and Public Policy at Stony Brook University. Writer of newsletter https://stephaniekelton.substack.com/
The Deficit Myth by @stephaniekelton.bsky.social is so good. Wish it had been available back when I studied econ would have changed my life. www.amazon.com/dp/1541736192
The Deficit Myth: Modern Monetary Theory and the Birth of the People's Economy
The Deficit Myth: Modern Monetary Theory and the Birth of the People's Economy [Kelton, Stephanie] on Amazon.com. *FREE* shipping on qualifying offers. The Deficit Myth: Modern Monetary Theory and the Birth of the People's Economy
amazon.com
I published This Changes Everything: Capitalism vs. the Climate in 2014. Lots of serious people explained that we didn't have time to tackle capitalism, climate was too important. Let the market fix it for us. The track record is 12 wasted years and a world on fire. www.nytimes.com/2026/01/17/c...
How Wall Street Turned Its Back on Climate Change
nytimes.com
My latest, with a big lift from @wbmosler.bsky.social stephaniekelton.substack.com/p/warren-mos...
Warren Mosler to Robin Brooks on Japan's Fiscal Situation
Early this morning, I took a break from working on my book to trade text messages with Warren Mosler, the canonical “father” of MMT.
stephaniekelton.substack.com
Insightful analysis on the gradations of this administration's approach to spending capacity the first and second time around.
Stephanie Kelton@stephaniekelton.bsky.social · 8mo ago
Fellow economists @jayatighosh.bsky.social @thomaspiketty.bsky.social @stephaniekelton.bsky.social @kateraworth.bsky.social, and many others, including me, call for a halt to Sri Lank debt repayments after Cyclone Ditwah www.theguardian.com/business/202...
Top economists call for halt to Sri Lanka debt repayments after Cyclone Ditwah
Group of 120 experts including Joseph Stiglitz urge fresh debt restructuring plan given scale of destruction
theguardian.com
On the other site @stephaniekelton.bsky.social wrote: Link to quoted piece: www.chinabankingnews.com/p/chinese-ec...
Monthly jobs report - BLS “report preliminary data. Everyone knows it’s just an initial glimpse—i.e. an early estimate that will be revised as more data comes in.” Fed officials often point out “that they don’t want to put too much weight on a single report, … subject to multiple revisions.”
Stephanie Kelton@stephaniekelton.bsky.social · last yr.My latest open.substack.com/pub/stephani...
My latest open.substack.com/pub/stephani...
Why Were We Told to Brace for a "Detox Period" if the White House Won't Allow the Data Confirm It?
The Trump administration is blaming everyone and everything that brought us to this point except the people and things that actually brought us to this point.
open.substack.com
Do you want to learn more about our nation's growing deficit and the implications for markets, the economy and geopolitics? Join us this Thursday, August 7 at 1 PM ET on Reddit for an AMA with our senior banking and finance reporter Leslie Picker. bit.ly/455vahl
Crypto is all about reinventing the financial wheel. TradFi should <not> have to relearn lessons about quality of collateral!!!
Tomas Hirst@tomashirstecon.bsky.social · last yr.OK, I'm known to be a crypto bear (& yes, having fun staying poor etc). But if it's just a load of people YOLO-ing money - even if they are doing so in a personally unwise way - it's not a systemic issue really (tho encourages criminality etc). Banks lending against crypto collateral is different...
TRANSLATION: US IMPORTERS TO PAY TARIFFS ON GOODS FROM INDONESIA. CONGRATULATIONS, EVERYONE. MAGA.
🚨 Live Stock Market News@tradersclub.bsky.social · last yr.US Commerce Secretary Lutnick: The Indonesia deal is 0% on US goods, but includes a tariff on their goods.
"two first-rate economists, David Cutler and Ed Glaeser, have made a stab at estimating the impact of cuts at NIH. Their analysis suggests that these cuts might save $500 billion in federal spending over the next 25 years — while imposing more than $8 trillion in losses."
For MAGA, Ignorance is Strength
Research cuts aren’t about shrinking government, they’re about killing science
paulkrugman.substack.com
BURCHETT: “Trump told me there’s no windmills in China.” REALITY: As @stephaniekelton.bsky.social points out, if Bumblin’ @RepTimBurchett would use Google he’d see they are the global leader in wind turbine installations. Q: Has Burchett ever been right about anything? (h/t @acyn.bsky.social )
If you say deficits are a dire threat to the country but raising taxes is somehow off limits, then you do not actually think deficits are a dire problem.
Greg Sargent@gregsargent.bsky.social · last yr.For 50 years GOP has employed 3 big scams: *deficits pose dire threat only when Dem is in WH *tax cuts for rich pay for themselves *safety net cuts needed to purge welfare cheats w/this bill, Trump's "working class GOP" is supercharging all three New piece from me newrepublic.com/article/1976...
Richmond Fed president asks business leaders about Trump’s tariffs and learns that firms are “raising prices not because they have to, but because they think they can get away with it.” www.wsj.com/economy/tom-...
To Understand the Economy, This Fed President Is Ditching His Desk
Tom Barkin is looking for clarity about inflation, tariffs and employment the old-fashioned way: He’s talking to people.
wsj.com
I really feel like everyone would have a better understanding of what’s going on if they read @stephaniekelton.bsky.social’s book or watched her documentary. Everything would make a lot more sense!
And by “touching” they mean pummeling. Rural hospitals will shutter. As many as 13 million people will lose health coverage. Preventable deaths will spike. Political suicide?
@NewsJennifer (Jennifer Schulze)@newsjennifer.bsky.social · last yr.Helluva @notusreports.bsky.social scoop showing that Trump has no idea what's in his budget bill. Seems like something that ought to get a lot more attention. Also this: a republican house member actually admits that they are attacking medicaid. Yes, they are. www.notus.org/congress/rec...
“In order to truly believe that the Freedom Caucus is going to tank the bill, they’re going to have to actually vote against it. Not hold out, not fold their arms and grumble. Actually vote against it. And we still haven’t seen that.” @ddayen.bsky.social americanprospect.bluelena.io/index.php?ac...
Holdouts But Not Opposers as Megabill Debate Drags On
The House Freedom Caucus...
americanprospect.bluelena.io
NancyNY 🇺🇸🇺🇦🇨🇦🇩🇰@ncmc1994.bsky.social · last yr.Exactly. Cowards all.
Johnson initially voted no on the motion to proceed. He flipped because of a promise for an amendment for more Medicaid cuts. The Senate didn't vote on that amendment. Now he's a yes. It just wasn't serious that the Senate deficit hawks (outside of Paul) would bolt. They're fakes.
The Senate version of the #BigUglyBill is somehow even worse than the House version Just cramming more shit into the shit sandwich
Sen. Hawley a yes on exactly the thing he says we can’t be doing