Economic Adviser to the Sanders 2016 Campaign Debunks Budget Deficit Myths

Stephanie Kelton is a leading American economist and a professor of public policy and Economics at Stony Brook University. Kelton was chief economist on the US Senate Budget Committee and economic adviser to the Bernie Sanders 2016 presidential campaign. She’s most known for being a pioneer of Modern Monetary Theory (MMT).

In this episode, Professor Kelton debunks budget deficit and government spending myths, and explains why understanding how our monetary system works is crucial to making the political and economic case for important programs like universal health care, free public higher education, infrastructure investment, and more.

We also explore some current economic issues, including how we might be able to cancel all public and private student debt in the US, and lastly the role and challenges of women in economics.