Stephanie Kelton Explains Money in Harry Shearer Interview

Econintersect:  Professor Stephanie Kelton, an expert in the mechanics of modern money operations, has an exceptionally informative interview from Sunday 28 October 2012  conducted by Harry Shearer on his show “Le Radio.”

Kelton (pictured) explains why the talk about the U.S. going broke and loading grandchildren up with debt is all political verbiage without economic foundation.  At one point Kelton says that we will be burdening our grandchildren with a society that doesn’t function if we continue to deny the need to provide investment in things like infrastructure and education with bogus arguments about not being able to afford it.

This interview is exceptionally well done – Kelton has a gift for logical explanation in straightforward terms.  Her students are very lucky.

Kelton is Associate Professor of Economics at the University of Missouri Kansas City.

Click on Listen to hear the interview:

Note:  Stephanie Kelton is an occasional contributor to Global Economic Intersection.

John Lounsbury