The Lens

Stephanie Kelton
Economic analysis, research, and commentary using the lens of MMT
Created 28 Jul 2021
  • We Need to Think Harder About Inflation
    18 Oct 2021 • 5 min read • 23 8
    In April of this year, I published a fairly long piece in The New York Times, arguing that Democrats should be thinking hard about how to roll out President Biden’s multi-trillion dollar Build Back Be...
  • The Kentucky Owl
    15 Oct 2021 • 3 min read • 30 18
    A few days ago, Democratic Congressman John Yarmuth of Kentucky announced that after sixteen years in Congress he would not seek re-election in 2022. Yarmuth, who once considered himself a “Rockefelle...
  • Car Talk
    10 Oct 2021 • 1 min read • 17 4
    Yesterday, I gave a keynote presentation to an audience of around 250 people. Before any talk, I think about the people who are going to hear what I have to say. One of the most useful courses I took ...
  • What's Happening?
    01 Oct 2021 • 2 min read • 19 3
    Good morning! And apologies for taking a short break. The last couple of weeks have been incredibly busy. I’m back to doing in-person events, which is something I’ve really missed. And I’ve got a new ...
  • Yes, We Can!
    18 Sep 2021 • 5 min read • 55 27
    Yesterday, I listened to an interesting podcast conversation between the New York Times’ Ezra Klein and Columbia University’s Adam Tooze. Tooze is an economic historian, whose new book challenges conv...
  • It's Too Late for MMT-Inspired Budgeting
    13 Sep 2021 • 8 min read • 27 4
    In my recent three-part series on the Congressional “pay-for” game, I lamented the Congressional budgeting process, which is antithetical to MMT. I explained that it’s mostly political theatre, masque...
  • My TED Talk
    09 Sep 2021 • < 1 min read • 31 3
    Last month, I posted the script from the TED talk I recently gave in Monterey, CA. The talk is now live and currently being featured over at Or click below to watch. Share Subscr...
  • What Every American Needs to Know About the Congressional "Pay-For" Game (Part 3)
    29 Aug 2021 • 7 min read • 30 21
    This is (I think) the final post in a three-part series on the Congressional “pay-for” game. If you missed the first two (shame on you, why haven’t you subscribed?), you can find them here (Part 1 and...
  • MMT ≠ QE
    26 Aug 2021 • 3 min read • 16 9
    I have to teach a class soon, but I wanted to quickly comment on a media clip that drew some attention yesterday. The clip is from Bloomberg TV, and it features the host of Bloomberg Surveillance, Tom...
  • What Every American Needs to Know About the Congressional "Pay-For" Game (Part 2)
    24 Aug 2021 • 9 min read • 27 2
    Last week, I wrote about America’s favorite pastime. Baseball, of course. The purpose of the post was to expose the Congressional “pay-for” game for what it really is—political theatre masquerading as...
  • View More on Substack »