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The Problem With How We Talk About the US Debt

We have a big problem with the way the media reports on the national debt.  It’s unclear if they don’t understand how federal debt works, if they intentionally write about it in the scariest way possible, or some combination of the two. Let’s start with a passage recently published by NPR: I don’t doubt the …

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Breadth and Taxes

This article was written by Emma Caterine and originally posted on LPE Project blog on 9/08/2020. This post is part of our symposium on Stephanie Kelton’s The Deficit Myth. You can find the full symposium here.  Into the dual fiscal crises of COVID-19 and campaigns to Defund the Police comes Stephanie Kelton’s long-awaited book “The Deficit Myth: Modern Monetary Theory and …

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