Daily Archives: January 22, 2019


#AOC and MMT Spook the AEI

New Economic Perspectives has the article #AOC and MMT Spook the AEI.

William K Black expends the effort to write the critique of an article that I read, ‘Modern Monetary Theory’ Is a Joke That’s Not Funny. I was unwilling to spend my time criticizing the article. If I had Black’s skill, I might have said what was in Black’s article.

I’ll just give you an excerpt of the final summary that I have also been noticing.

There is only one reason that emerges from Strain’s text. His first sentence stresses that Alexandria Ocasio-Cortez supports MMT. The only other MMT proponent he identifies is Stephanie Kelton. The far right is obsessed with #AOC – and with her looks. Stephanie Kelton receives large numbers of comments, even in student course ratings, that focus on her looks rather than her prowess as an economist and teacher. This pattern is a common manifestation of misogyny, particularly against female economists. The variant of the Medusa myth that Strain explicitly uses emphasizes Medusa’s “beaut[y].” Strain’s variant of the Medusa myth is the one that combines female beauty and female rage into a ‘monster’ that destroys men. Strain’s Medusa metaphor and myth is another sad example of the far right’s obsession with #AOC in particular and strong women in general.


Week 2 lecture – Stephanie Kelton: Rethinking fiscal policy

The Gower Initiative for Modern Money Studies posted the video Week 2 lecture – Stephanie Kelton: Rethinking fiscal policy.

Stephanie Kelton presenting a lecture at UCL as part of the Rethinking Capitalism series for the Institute for Innovation and Public Purpose.

Covering deficits and the national debt she explains how the money system works and answers the question how will we pay for a progressive political agenda.

Not to miss!


Every time Stephanie Kelton gives this lecture, she improves it. I bet that she uses the questions she gets after the lecture as an indication of what she failed to convey, so she improves the lecture to convey more and do it better. I still learn more every time I listen to a new version of this lecture. All you need to do is to listen to one of these posts to get 90% of the benefit.