Jan 31, 2020

Stephanie Kelton: "We could safely increase the deficit by another $500 billion"

We could safely increase the deficit, let’s say by another $500 billion or so, before we begin to see inflation accelerating to something that we would consider problematic.

~ Stephanie Kelton, professor at Stony Brook University in New York and economic adviser to the Bernie Sanders presidential campaign, interview with Erik Schatzker, Bloomberg TV, January 30, 2020

(Kelton cited research by investment firm GMO for the numbers.)

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