How We Pay for It • #MintTheCoin

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” refers to any of the large scale public purpose programs currently under discussion. This page consolidates content briefly located at MMT & Politics ~ SR


How to Pay for the War (PDF)
— John Maynard Keynes, 1940

—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, LondonJune 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