Aurrekontuak, defizitak, DTM-koen jarrera

Twitter batzuk, AEBko ekonomiaz:

Stephanie Kelton@StephanieKelton

A litte sunshine (and candor) wrapped in a fog of confusion.

2016 abu. 1

Clinton? Trump? Either Way, Count on Deficit Spending to Rise

http://www.nytimes.com/2016/08/01/business/economy/clinton-trump-either-way-count-on-deficit-spending-to-rise.html?smid=tw-share

Stephanie Kelton@StephanieKelton

Why, Lord? Why did have to be *this* candidate ord? Why did have to be *this* candidate calling for deficit? “We have no choice–otherwise we are going to die on the vine.”

Stephanie Kelton@StephanieKelton

Drop the “pump-priming” stuff, and this has been our position for decades. http://bilbo.economicoutlook.net/blog/?p=23673 

There is nothing intrinsically good or bad about any specific budget outcome.

In response to the 1982 attempt by conservative politicians to pass a Balanced Budget Act in the US Congress, the revered macroeconomist Gardner Ackley said:

My own position on deficits has always been, and remains, that deficits, per se, are neither good nor bad. There are times when they are not only appropriate but even highly desirable, and there are times when they are inappropriate and dangerous. During a recession or a period of “stagflation”, deficits are nearly unavoidable, and are likely to be constructive rather than harmful.

This blog – A voice from the past – budget deficits are neither good nor bad – has more discussion about Gardner Ackley.

To add meaning to the discussion we have to relate the budget outcome to the circumstances in the economy rather than be side-tracked by some pre-conceived notion that some balance is desirable and another is not.

It is not the government’s role to run deficits or surpluses. We want governments to make policy choices that will maximise the potential of the people to enjoy their lives and contribute the best they can, given their own circumstances to the well-being of society and the planet.”

Stephanie Kelton@StephanieKelton

Please read this from @DeanBaker13 http://www.huffingtonpost.com/dean-baker/clinton-trump-and-budget_b_11299356.html … # via @HuffPostBiz

2016 abu. 1

Max Harris@max_harris_usa

@StephanieKelton @DeanBaker13 @HuffPostBiz Yes, Democratic leaders still need to appreciate the insights of MMT; slow learners of new Econ

Defizitak eta ezkerra:

Stephanie Kelton@StephanieKelton

I like this from @AnnPettifor http://linkis.com/opendemocracy.net/DRXcK …

Economic change will not happen until the left understands money

http://linkis.com/opendemocracy.net/DRXcK

2016 abu. 2


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