Fixed a link. Feel free to share with your members of Congress who are still using the austerity lens and don’t seem to realize the opportunity.
The Macroeconomic Effects of Student Debt Cancellation Summary.
— Scott Fullwiler, Stephanie A. Kelton, Catherine Ruetschlin and Marshall Steinbaum. The Levy Economic Institute of Bard College (@LevyEcon) 2018
Research, proposals and commentary here.
Hopefully, the drumbeat is growing loud enough to result in a federal policy that lifts many boats.
The Case For Cancelling Student Debt
— Marshall Steinbaum (@Econ_Marshall) The Appeal (@TheAppeal) Jan 14, 2021
Raúl Carrillo on MMT’s Connection to Student Debt
— Sparky Abraham (@SparkyAbraham) Current Affairs (@curaffairs) Feb 9, 2021
Added to the collection of research, proposals and commentary on our college debt cancellation page, here.
Most mornings, I read through Twitter from a list of 24 trusted principal MMT sources. Mostly academics. List here. They are a busy lot. When they link to research, commentary, explainers, etc., I send myself an email as a reminder to add the material to the site. Sometimes, I appreciate their use of twitter as teaching tool noteworthy and capture a thread. What with the expanding body of content and work I’ve missed (see below) or didn’t think — or know — to include sooner, I’m always playing catch-up. It’s both exhilarating and a little daunting. Here’s what’s caught my attention over the last few days.
This piece by @karavoght recounts how student debt cancellation entered the mainstream of American politics, a genuinely interesting story in its own right & a case study in the effect of philanthropy on policy formulation & political take-up.
/1 https://t.co/8APawJVwIN— Marshall Steinbaum 🔥🍉 (@Econ_Marshall) February 1, 2020
Complete thread here from Marshall Steinbaum (@Econ_Marshall)
Warren vs. Sanders: Inside the Progressive Debate Over the Student Debt Crisis
• Their competing plans reveal a lot about how these White House hopefuls would govern.
— Kara Voght (@karavoght) Mother Jones (@motherjones) Jan 31, 2010
Student Loan Discharged in Bankruptcy – Just a Blip, or Something Bigger?
— Michael M. Krauss, James Park, National Law Review (@natlawreview) Jan 28, 2020 h/t @RaulACarrillo
Added to Debates & Controversies
Does Modern Monetary Theory Have Any Scholarly Validity?
— John Harvey (@John_T_Harvey) Forbes (@Forbes) Jan 28, 2020 Warning: he unfortunately evokes the household budget analogy.
Modern Money Theory 101: A Reply to Critics • Key words: Modern Money Theory, Price Stability, Full Employment, Financial Stability, Money
— Éric Tymoigne (@tymoignee) and L. Randall Wray Levy Economics Institute of Bard College November 2013
How the Economists Got It Wrong
James K. Galbraith The American Prospect (@TheProspect) Dec 19, 2001