The Deficit Myth: A Conversation on Modern Monetary Theory

Date/Time
Date(s) - 06/16/20
5:15 pm - 6:30 pm

Location
Chicago Council on Global Affairs

Hosted by
Chicago Council


The Deficit Myth: A Conversation on Modern Monetary Theory

Stephanie Kelton, Professor of Economics and Public Policy, Stony Brook University

Chicago Council on Global Affairs

In 2019, Modern Monetary Theory (MMT) moved from the fringes of mainstream economics to broadsheet discussions and the platforms of presidential candidates. The theory represents a fundamentally different approach to budget deficits, and its proponents argue that it could form the basis of a more just and prosperous society. How does MMT work, and would such an approach to government spending be sustainable? Stephanie Kelton—the leading voice on MMT—sits down for a conversation on an idea that could be central to the 2020 election debates.

Professor of Economics and Public Policy, Stony Brook University

Stephanie Kelton is Professor of Economics and Public Policy at Stony Brook University, and a leading advocate of Modern Monetary Theory. Kelton also serves as a senior economic advisor to Senator Bernie Sanders’s 2020 presidential campaign. Previously, she was chief economist on the United States Senate Budget Committee and chair of the Department of Economics at the University of Missouri, Kansas City. She is the author of The Deficit Myth: Modern Monetary Theory and Creating an Economy for the People and comments frequently on economic policy issues in leading media outlets. Kelton holds a BS and BA from the University of California, Sacramento, an MPhil from Cambridge University, and a PhD from The New School.

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