A new in-depth study on the consequences of cancelling all student debt in the US shows that it would help the economy far more than it would cost. We talk to Stephanie Kelton, one of the study’s co-authors Story Transcript SHARMINI PERIES: It’s The Real News Network. I’m Sharmini Peries coming to you from Baltimore. […]
Author Archives: Stephanie Kelton
Stephanie Kelton, Ph.D. is Associate Professor and Chair of the Department of Economics at the University of Missouri-Kansas City. She is also Editor-in-Chief of the top-ranked blog New Economic Perspectives and a member of the TopWonks network of the nation’s best thinkers. Her book, The State, The Market and The Euro (2001) predicted the debt crisis in the Eurozone, and her subsequent work correctly predicted that: (1) Quantitative Easing (QE) wouldn’t lead to high inflation; (2) government deficits wouldn’t cause a spike in U.S. interest rates; (3) the S&P downgrade wouldn’t cause investors to flee Treasuries; (4) the U.S. would not experience a European-style debt crisis. Follow her at twitter.com/deficitowl.
