by Stephanie Kelton This article was originally published by New Economic Perspectives Steve Kraske of The Kansas City Star recently interviewed me for a piece about austerity. The story ran in today’s paper. It doesn’t provide much depth (unlike blo… more »

Chris Hayes’ recent MSNBC show on the Trillion Dollar Coin brought four aspects of the Modern Money debate, for me at least, into a clearer focus. I list them here not in their order of appearance on the show, but in their order of importance and logi… more »

Enthusiasm for using Platinum Coin Seigniorage (PCS) to produce a Trillion Dollar Coin, or coins totaling a few trillion dollars continues to increase. The twitterverse went mad two nights ago around #mintthecoin, a hashtag originated by MMT’s Stephanie… more »

by Stephanie Kelton, New Economic Perspectives Originally posted November 04, 2011 Two days ago, a group of students at Harvard University submitted a letter to their econ prof -- Greg Mankiw – just before they got up and walked out of his introductory econ class. In the letter, Professor Mankiw's students say: If Harvard fails to equip its students with a broad and critical understanding of economics, their actions are likely to harm the global financial system. The last five years of economic turmoil have been proof enough of this.These students are clearly aware of the harm that economists can do when they're employing faulty models that rest on faith-based (theoclassical) assumptions to dispense policy advice in the real world. See, for example: more »

by Stephanie Kelton, New Economic PerspectivesThis was originally posted November 10,2010I woke up this morning expecting to spend the better part of the day writing letters of recommendation for Ph.D. students. Then I came across an e-mail mess… more »