Economy

Blowing Up Some of the Biggest Myths About the Economy and the Deficit

We can end student debt and have universal health care in our lifetime.

Protesters march through the nation's capitol during the 2011 Occupy movement.
Photo Credit: Evan McCaffrey/Shutterstock

Left Out, a podcast produced by Paul Sliker, Michael Palmieri, and Dante Dallavalle creates in-depth conversations with the most interesting political thinkers, heterodox economists, and organizers on the Left. 

Stephanie Kelton is a leading American economist and a Professor of Public Policy and Economics at Stony Brook University. Kelton was Chief Economist on the U.S. Senate Budget Committee and Economic Advisor to the Bernie 2016 presidential campaign. She's most known for being a pioneer of Modern Monetary Theory (MMT).

In this episode, Professor Kelton debunks budget deficit and government spending myths, and explains why understanding how our monetary system works is crucial to making the political and economic case for important programs like universal health care, free public higher education, infrastructure investment, and more.

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We also explore some current economic issues, including how we might be able to cancel all public and private student debt in the U.S. (The Macroeconomic Effects of Student Debt Cancellation), and lastly the role and challenges of women in economics.

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Paul Sliker is an editor and commentator at Democracy at Work, and the co-host of the podcast Left Out. Follow him on Twitter: @psliker

Michael Palmieri is a [email protected] contributor and the co-host of LEFT OUT — a podcast that creates in-depth conversations with the most interesting political thinkers, heterodox economists, and organizers on the Left.

Dante Dallavalle is a [email protected] contributor and cohost of the podcast Left Out. He's a graduate student in economics at John Jay College of Criminal Justice. Follow him on Twitter @Drax138.