Stephanie Kelton Archive

MMT conference in Italy with 2,000 attending

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Kelton responds to the Progressive Caucus Co-chair

Maddening! The Clinton surpluses were driven by the dot.com bubble and unsustainable private sector deficits. When the bubble burts, stocks crashed, the economy went into recession, and the surplus quickly reversed itself. It was only AFTER the government’s budget moved sharply into deficit that the private sector was able to get out ...Read More