Nicole Sandler Show10-6-17 – Talking Money with Stephanie Kelton

After a look at the day’s news, we welcomed Stephanie Kelton back to the show. Stephanie is a professor of public policy and economics at Stony Brook University and former chief economist on the US Senate Budget Committee, working under Bernie Sanders.

Majority Report with Sam Seder9/26 The Debt Crisis is a Myth & Modern Monetary Theory w/ Stephanie Kelton

Stephanie Kelton (@StephanieKelton), a Professor of economics and public policy at Stoney Brooke University, explains the Bretton Woods system. Why leaving behind the Gold Standard creates policy flexibility. Why did Nixon take America out of the Gold Standard? Why our fiscal policy has not left behind the Gold Standard way of thinking. What is money in modern economics? How does payment work? What actually causes inflation. Why inflation is not the problem right now in global economics. Taxes and how money works in society and the plutocrats who have an interest in perpetuating the debt myth.