This article appeared online at TheNewAmerican.com on Monday, February 18, 2019:
Stephanie Kelton, professor of public policy and economics at Stony Brook University, served as an advisor to Bernie Sanders’ presidential campaign. She gave similar advice to Alexandria Ocasio-Cortez as she was preparing to be sworn in as a member of the House of Representatives: You can have it all!
Writing in the Huffington Post last November, Kelton said:
We have the outline of a plan. We need a mass mobilization of people and resources, something not unlike the U.S. involvement in World War II or the Apollo moon missions — but even bigger. We must transform our energy system, transportation, housing, agriculture and more.
What we don’t (yet) have is the final, vital ingredient — a critical mass of politicians prepared to unleash the enormous power of the public purse to save the planet.
To Kelton’s way of thinking, the only thing standing in the way of spending billions the government doesn’t have to solve problems many think don’t exist, is to change just how we think about the federal budget: “To save the planet and fix historical inequities … we must change the way we approach the federal budget. We must give up our obsession with trying to ‘pay for’ everything with new revenue or spending cuts.”
It starts with discarding that old canard about how inflation