LIVE STREAM: Should We Worry About the Deficit?

Stephanie Kelton, Professor, Economics and Public Policy, Stony Brook University. Moderated by Bethany McLean.

In April, the federal government started sending stimulus payments to tens of millions of Americans and providing funding to businesses, to help them weather the sharpest economic contraction since the Great Depression. As the coronavirus continues to spread and unemployment numbers race past 30 million, there are growing calls to expand government support, but critics contend that such a course of action is unaffordable and will mire the country in massive debt. Stephanie Kelton joins the Chicago Council on Global Affairs to explain why she believes that a fundamental rethinking of deficits is essential to get the United States through this crisis - and to claim a more equitable recovery.

Copies of Stephanie Kelton’s latest book, The Deficit Myth: Modern Monetary Theory and the Birth of the People’s Economy, is available for sale from the Book Cellar.

Speaker Bio

Schedule

12:00 p.m. CDT
Presentation 

12:35 p.m. CDT
Audience Q&A

12.45 p.m. CDT
Adjournment