Deficit Owls | What Is A Deficit Owl? @deficitowls5296 | Uploaded August 2016 | Updated October 2024, 13 minutes ago.
Professor Stephanie Kelton (former Chair of Economics at the University of Missouri-Kansas City, and economic advisor to Bernie Sanders) explains the term "Deficit Owls," which she coined. Deficit Owls, mostly proponents of Modern Money Theory, recognize that in our current floating exchange-rate system, government deficit spending is the only way for the non-government sector to gain net financial assets. As such, any sovereign currency-issuing government should be deficit spending most of the time.
See the whole lecture here: youtube.com/watch?v=Q1SMjeuyF-Y
Like Deficit Owls on Facebook: facebook.com/DeficitOwls
Professor Stephanie Kelton (former Chair of Economics at the University of Missouri-Kansas City, and economic advisor to Bernie Sanders) explains the term "Deficit Owls," which she coined. Deficit Owls, mostly proponents of Modern Money Theory, recognize that in our current floating exchange-rate system, government deficit spending is the only way for the non-government sector to gain net financial assets. As such, any sovereign currency-issuing government should be deficit spending most of the time.
See the whole lecture here: youtube.com/watch?v=Q1SMjeuyF-Y
Like Deficit Owls on Facebook: facebook.com/DeficitOwls
