Bernie Sanders, mulling presidential run, adopts novel stance on deficit

MMT saab reklaami tänu Sandersile

Aljazeera America

Bernie Sanders, mulling presidential run, adopts novel stance on deficit

…..That shift of emphasis — from an abstract, intangible economic indicator like the federal deficit to more concrete issues such as infrastructure and household income — appears to have been influenced in part by a heterodox strain of economics known as modern money theory (MMT). That school of economics has long been ignored by denizens of Capitol Hill, but it has plenty of adherents on the progressive left who are cheering Sanders’s recent public statements.

The Vermont senator is not an MMT adherent, but one of its leading practitioners, Stephanie Kelton, is now his chief economist on the Budget Committee. That hire, and Sanders’s subsequent public statements, have drawn the approval of progressive journalists such as The Fiscal Times’ David Dayen.

“Sometimes, Washington backs into its best ideas without even knowing it,” wrote Dayen in late January. “Sanders’s MMT-tinged push for higher spending comes at precisely the right time, when politicians are looking to respond to inequality and economic despair.”………

About Kristjan

Defitsiidi terrorismi vastase pataljoni eriüksuslane (finantsignorantsuse vastu võitlemise osakond). Treening: MMT, postkeinsism, Tartu Ülikool Majandusteadus
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