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William Gale of the Brookings Institute, Columbia University's Laura Veldkamp and Joao Gomes of the University of Pennsylvania's Wharton School on national debt.
As if the debt ceiling debate were not complicated enough, Congress and the White House are also battling over the budget for fiscal 2024, which begins on 1 October 2023.
As with various radical academic “theories” going against common sense, Democrats have almost broken the U.S. economy with runaway inflation associated with MMT. The more money put into circulation the higher inflation will rise; it’s not rocket science.
Far from being harmless, the ‘progressive’ economic theories trialled during the pandemic have been tested to destruction
Will be pared down from $2 trillion from its initial cost of about $3.5 trillion. stephen dennis found the bigger picture. he says, quote, there's sort of a big fight in washington you may have heard about. it's about whether we send $62 trillion over a decade or $60 trillion. joining us now is stephanie kelton, a professor of economics and public policy at stony brook university. she's the author of "the deficit myth." professor kelton, good to see you again. thank you for being with us. i've never generally speaking met numbers i don't like talking about on tv except this is the one problem ...