Stephanie Kelton, TED Talks & Fast Company

Added to Stephanie Kelton’s page (under Principal…), Deficit Hawks (under FAQ) and Debt, Deficit Spending & Austerity (also under FAQ)

MMT and the deficit myth — Lars P. Syll, Sept 12, 2021

TED talks: The Big Myth of Government Deficits                                                                                                     — Stephanie Kelton (@StephanieKelton), <em>Ted Talks</em> (@TedTalks) Aug 2021, (13:46)

How one economist is making some deficit hawks reconsider • The pandemic has offered economist Stephanie Kelton a chance to help turn Modern Monetary Theory into practice.          — Talib Visram (@TalibVisram), <em>Fast Company</em> (@FastCompany) Aug 10, 2021

 

 

It’s All Connected

Added to Job Guarantee, here.

A Federal Job Guarantee: The Unfinished Business of the Civil Rights Movement • The 1963 March on Washington put a government guarantee to a job at the front of the civil rights agenda. It’s long past time to complete the work.
—  Rep. Ayanna Pressley (@AyannaPressley), David Stein (@DavidPStein <em>The Nation</em> (@TheNation) Sept 2, 2021

A little macro background for Macroeconomics: Provisioning and Prosperity, particularly with regard to universities as a provider of alternative currencies.  

The Rise of the UniverCity • As they come to resemble corporations, universities increasingly wield the kind of power and influence that were hallmarks of ruthless employers in isolated company towns. Historian Davarian Baldwin calls this ominous trend the “rise of the UniverCity.”  — Davarian Baldwin (@DavarianBaldwin), <em>Jacobin</em> (@Jacobin) Sept 2, 2021 #Background #Unis4All #InTheShadow

A new addition to our Blogroll and Kelton’s page under Primary Sources.

The Lens – Stephanie Kelton • “The Lens is a portal into my academic and professional world. It’s a place to visit for economic analysis, commentary on public policy, and previews of forthcoming talks and publications. Never miss an update.”

 

 

Added to Provisioning & Prosperity

Much of Microeconomics: Provisioning & Prosperity concerns local alternative/complimentary currencies. I began looking for reports or commentary to learn about the impacts on the participating organizations and agencies. Those who used — but did not issue — the currencies.

What I’ve found offer detailed descriptions of operations, student responses, lessons learned, types of organizational participants, etc. All important to know, but, readers familiar with impact/output evaluation models may notice what’s missing. They make little or no mention of the impact of using these local currencies to employ students had on the agencies that took advantage of the programs.

Stay tuned. Meanwhile,
here are the latest additions to Microeconomics: Provisioning & Prosperity”

Currency, coercion and campuses
— Alan Hutchison Matches in the Dark· Nov 20, 2020 (updated)

The Paper Chase
— Rob Trump The New Inquiry April 25, 2014

The Buckaroo and the Demand for Money
— John Carney (@Carney) CNBC Feb 9, 2012

The UMKC Buckaroo- A Currency Model for World Prosperity
— Warren Mosler (@WBMosler) MoslerEconomics/Modern Monetary Theory Nov 20, 2011

BerkShares, Buckaroos, and Bear Dollars: What Makes a Local Currency Tick?
— L. Randall Wray New Economic Perspectives July 13, 2009

Cancelling Student Debt

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.

James Galbraith

Added to Debates & Controversies

Dismal Economics “Although neoclassical economics relies on assumptions that should have been discarded long ago, it remains the mainstream orthodoxy. Three recent books, and one older one, help to show why its staying power should be regarded as a scandal.”
— James Galbraith Project Syndicate (@ProSyn) July 23, 2021

Health Care & Public Health: Fadhel Kaboub & Wendell Potter

Menu change: Medicare for All, under Nice Things We Can Have, is now Health Care & Public Health. Joining health care (personal/micro) to public health (public/macro) in policy conversations expands the space for creating sustainable solutions that improve individual well being and free resources for society wide improvement, including pandemic response. I’ll be watching for more on this perspective.

Today’s addition, added to Fadhel Kaboub and Health Care & Public Health renamed from “Medicare for All”


The Economics of Healthcare |
— Peter Hager (@Vote4Pedro2018) & Jen Perelman (@JENFL23) talk with Fadhel Kaboub (@FadhelKaboub) & Wendell Potter (@WendellPotter) JENerational Change July 24, 2021 (54:09)

Even more in Provisioning & Prosperity

Seemed more accurate to title this page Macroeconomics: Provisioning & Properity

How to Implement True, Full Employment
— L. Randall Wray New Economic Perspectives Aug 12, 2009

Biden Can Go Bigger and Not ‘Pay for It’ the Old Way • By focusing on how much revenue they hope to raise from tax increases on the well-off, Democrats risk limiting the scope of their ambitions.
— Stephanie Kelton (@StephanieKelton) New York Times (@NYTimes) April 7, 2021

Added to Provisioning & Prosperity

I dug deeper and found more! You might want to begin with Mosler, writing in 2011. All added to Provisioning & Prosperity, a subset of FAQ.

Is It Legal for the Federal Reserve to Provide State & Local Governments Unlimited Credit Lines?
— Nathan Tankus (@NathanTankus), Notes on the Crisis Sept 6, 2020

The Uni Currency Project: Democratic Finance for Public Higher Education After COVID-19 • a novel policy mechanism for revitalizing U.S. public higher education in the age of COVID-19
— William O. Saas (@billysaas), Benjamin C. Wilson (@autogestion77), Scott Ferguson (@videotroph), Maxximilian Seijo (@maxseijo) Global Institute for Sustainable Prosperity (@GISP_tweets) Aug 2020

Stanch The Bleeding From Local and State Finances with Local Currencies • Just Do It
— Nathan Tankus (@NathanTankus), Notes on the Crisis April 6, 2020

Denison Volunteer Dollar Program
Denison May 3, 2013

The UMKC Buckaroo- A Currency Model for World Prosperity
— Warren Mosler (@WBMosler) MoslerEconomics/Modern Monetary Theory Sept 19, 2011

Provisioning & Prosperity

While some could be cross-posted under Green New Deal and Job Guarantee, this collection resulted in a new page — Provisioning & Prosperity — found under FAQ. These pieces build on and underscore the multidisciplinary and interdisciplinary aspects of the MMT perspective on macro and micro economics. Implications for food security, pediatric health, local resilience, sustainable universities, etc.

Heterodox Microeconomics • “the pursuit of spatial justice outcomes at local and national levels of social provisioning.”
— Ben Wilson (@autogestion77) American Review of Political Economy Oct 10, 2021

From the Abstract
“This paper examines food system social provisioning at low levels of geographic scale to merge the heterodox microeconomic approach outlined by Frederic Lee (2018) and the activist spatial justice methodology of Edward Soja (2010). Combining these two theoretical frameworks blends academia and activism by joining community perspectives with spatial, quantitative and qualitative data techniques to hypothesis test and investigate disparities in social provisioning. Initiating the inquiry with data available at the address level of geography allows the analysis to develop across diverse geographic scales and reveal consistent patterns of inequality. It is argued that these consistencies afford researchers, activists, and practitioners benchmarks for the study and development of transdisciplinary intervention design and implementation. This spatial study of pediatric food allergy frames a practical example of how this approach is applicable across a variety of socioeconomic and environmental health disparities and the pursuit of spatial justice outcomes at local and national levels of social provisioning.”

UNIs for All with Ben Wilson and Scott Ferguson
— Steve Grumbine (@Sdgrumbine), Ben Wilson (@autogestion77), Scott Ferguson (@videotroph), Macro n’ Cheese (@CheeseMacro) Aug 8, 2020 (1:10:56)

Place, Participation and the Politics of University Finance
— William Saas (@billysaas), Ben Wilson (@autogestion77) Money on the Left (@moneyontheleft) June 19, 2020 Podcast (1:21:04) w/ transcript.

#Unis4all: An Open Letter to the U.S. Higher Education Community • …”college and university systems ought to leverage their considerable provisioning capacities in order to reject austerity and provide for the health and welfare of all in their communities.”
— Scott Ferguson (@videotroph), William Saas (@billysaas), Maxximilian Scijo (@maxseijo), Ben Wilson (@autogestion77), Public Seminar (@PublicSeminar) May 22, 2020

Responding to the University Budget Crisis with University Currencies • Building Resilience Amid Crisis
— Nathan Tankus (@NathanTankus), Notes on the Crisis May 14, 2020

A Dirigisme Approach to a Monetary Policy Jobs Guarantee and the Green New Deal
— Ben Wilson (@autogestion77), Social Science Research Network (@SSRN) June 28, 2019

Envisioning Provisioning: Forgiveness and the Possibility of Peace
— Ben Wilson (@autogestion77), Global Institute for Sustainable Prosperity (@GISP_tweets) Jan 2016