— How We Pay for It

There is an inherent narrative on this page, which may be clearer if you read from earliest to latest, i.e. bottom to top. “It” – as in “how we pay for it” – refers to any of the large scale public purpose programs currently under discussion. ~ SR


How to Pay for the War (PDF) — John Maynard Keynes, 1941
—2022—

Economics for the Clueless Scientist – How do we pay for it? with Stephanie Kelton and Fadhel Kaboub

—2021—
The Case for Minting a $1tn coin to deal with America’s Debt Ceiling

— Nathan Tankus (@NathanTankus) <em>The Guardian</em> (@guardian) Oct 15, 2021

How to Design and Pay for a Green New Deal
— Fadhel Kaboub (@FadhelKaboub) <em>Rosa Luxemburg Stiftung</em> (@rosaluxnyc) Jan 19, 2021

—2020—
Stephanie Kelton: why MMT is key to post-Covid economic recovery • Meet the woman arguing that everything we thought about the economy for the past 50 years is wrong. In the wake of the financial impact of the coronavirus, she’s having a moment.
— Ben Hoyle The Sunday Times, London June 13, 2020

Mobilization Theory: Some Lessons from the Literature for Today
— Sam Levey, (@SamHLevey)Global Institute for Sustainable Prosperity (@GISP_tweets) April 2020

The huge coronavirus bailouts will need to be paid back. Or will they?
— Phillip Inman (@PhillipInman) The Guardian, March 28, 2020

Stephanie Kelton: MMT, the Crisis, and the Real Economy

— Richard Eskow (@RJEskow) Stephanie Kelton (@StephanieKelton) Zero Hour (@TZHRJ) March 28, 2020 (18:06)

As Congress Pushes a $2 Trillion Stimulus Package, the “How Will You Pay For It?” Question Is Tossed in the Trash
— Stephanie Kelton (@StephanieKelton) The Intercept (@TheIntercept) March 27, 2020

Coronavirus crisis: now is the hour of Modern Monetary Theory • Economist Peter Bofinger argues that MMT justifies a European ‘whatever it takes’ fiscal response — including eurobonds
— Peter Bofinger (@Peter Bofinger) IPS Journal (@IPS_Journal) March 27, 2020

We are all Modern Monetarists now
— Daniel Alpert (@DanielAlpert) Business Insider (@BusinessInsider) March 22, 2020

Just Use ‘the Computer’ at the Fed to Give People More Money • Congress has all the firepower it needs. It just needs to send spending instructions to the Federal Reserve, as it always does.
— Stephanie Kelton (@StephanieKelton) NY Times (@NYTimes) March 21, 2020

Read the Automatic BOOST to Communities Act — Congresswoman Rashida Tlaib (@RepRashida)

Read the entire thread

Stephanie Kelton: Just Use ‘the Computer’ to Give People More Money • Congress has all the firepower it needs. It just needs to send spending instructions to the Federal Reserve, as it always does. — Stephanie Kelton (@StephanieKelton) ,em>New York Times (@NYTimes) March 21, 2020

We Can Afford to Beat This Crisis • Even deficit hawks like Joe Biden know that when faced with the genuine prospect of annihilation, the only adequate response is to do whatever it takes to prevent it.
— Rohan Grey (@RohanGrey) The Nation March 21, 2020

What Would Roosevelt Do? – The US government should pull out all the stops in mitigating the economic fallout from COVID-19, not just by disbursing cash to all households, but also by implementing a federal job guarantee and many other long-overdue policies.
— Pavlina R. Tcherneva (@PTcherneva) Project Syndicate, March 20, 2020

Deconstructed with Mehdi Hasan: How to Save the U.S. Economy
— Alexandria Ocasio-Cortez (@AOC), Stephanie Kelton (@StephanieKelton) Mehdi Hasan (@mehdirhasan), Intercept March 20, 2020 (32:00)

—2019—

Podcasts The Green New Deal: Non-Fiscal “Pay-Fors” and Balance of Payments with Nathan Tankus
— Steve Grumbine talks with Nathan Tankus, Macro and Cheese Nov 2019

Modern Money and the War Treasury
— Sam Levey (@DeficitOwls)(@SamHLevy), Global Institute for Sustainable Prosperity (@GISP_Tweets) August 2019

“Natural Rate” • What if it isn’t?
— Matt Reed Inside Higher Ed, August 30, 2019

How to Pay for the Green New Deal
— Yeva Nersisyan, L. Randall Wray, Levi Economics Institute of Bard College May 2019


— Simon Metcalf for @SunriseBoston, Andres Bernal @andresintheory, Stephanie Kelton @StephanieKelton, Rohan Grey @rohangrey, Sara Nelson @FlyingWithSara, Pavlina Tcherneva @ptcherneva, Fadel Kaboub @FadhelKaboub, Scott Fulwiler @stf18, Nathan Tankus @NathanTankus, Kate Aronoff @KateAronoff, Robert Hockett @rch371.
May 24, 2019 (unedited) Modern Money NetworkProgram here

How Do You Pay for the Green New Deal? Ask Andrés Bernal • In Bernal’s 2030, it’s a given that everyone who can work has a job.
— Yasmin Tayag (@yeahyeahyasmin), Inverse.com, May 21, 2019

An MMT response on what causes inflation
— Scott Fullwiler (@stf18), Rohan Grey (@rohangrey) Nathan Tankus (@NathanTankus), Financial Times Alphaville, March 1, 2019

PAYGO Is Based on a Fallacy • The U.S. government can dramatically increase spending without raising taxes.
— Pavlina Tcherneva In These Times, Jan 3, 2019

We Can Pay for a Green New Deal, Huffington Post
— Stephanie Kelton, Andres Bernal & Greg Carlock, HuffPost

“Deficits, MMT & a Green New Deal: How to Tell When Deficit Spending Crosses a Line,” Bloomberg
— Stephanie Kelton (@Stephanie Kelton), Bloomberg

“The Green New Deal: How We Will Pay for It Isn’t a ‘Thing’–And Inflation isn’t Either,” Forbes
— Robert Hockett, Forbes, Jan 16, 2019


Fadhel Kaboub, “Climate change, Developing Nations, and Hyperinflation in an MMT Lens,” Real Progressives

—2017—

How We Think About the Deficit is Mostly Wrong
— Stephanie Kelton, NY Times, Oct. 5, 2017