Calendar of Events
Coe From Your Couch: COVID and The Deficit Myth
Coe From Your Couch: COVID and The Deficit Myth
On June 18, Dr. Drew Westberg hosted a webinar and the discussion of Keynes highlighted the essential role for government spending during this extraordinary decline in aggregate demand. Without it, households and businesses just aren’t going to suddenly start spending. So, one answer is clear: we need deficit spending and we need lots of it. But, how can we possibly afford to engage in that level of spending? Where will the money come from? Dr. Stephanie Kelton makes a compelling argument in her new book, The Deficit Myth: Modern Monetary Theory and the Birth of the People’s Economy, that the answer is: Congress. Dr. Drew Westberg will walk through the book and provide attendees with the basic MMT framework. The webinar will conclude with a discussion that connects Dr. Kelton’s arguments to the deficit spending that will be necessary to bring this economy back in a healthy and sustainable way.
If you’d like to read the book prior to the webinar (recommended), there is a free audiobook on Amazon.com and the Kindle version is $18.99.
Thursday, June 25
2:00pm CDT