Fantastic! Stephanie gets recognition for her brilliance in not only seeing the obvious writing on the wall but even more brilliant heroic effort to get others to see it as well even economists!
https://m.huffpost.com/us/entry/us_5afee5eae4b0463cdba15121
But even inflation doesn’t impose a hard limit on policy options. The Federal Reserve can raise interest rates to deal with it, Congress can raise taxes to pull money out of circulation or even impose price controls. All those have their drawbacks, but depending on circumstances, any of them might be preferable to reducing government spending. It all depends on what a society needs. Those needs, Kelton thinks, should be the primary focus of study ― not the immediate impact on the federal budget deficit, a metric that dominates policy discourse in Washington.
My blog entry on Stephanie from 5 years ago:
https://2dollarjefferson.blogspot.com/2013/11/money-is-no-object-stephanie-kelton.html?m=1
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