Stephanie Kelton
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Stephanie Kelton
Stephanie A Kelton (née Bell; born October 10, 1969) is an American heterodox economist and academic, and a leading proponent of Modern Monetary Theory. She is a professor at Stony Brook University and a Senior Fellow at the Schwartz Center for Economic Policy Analysis at the New School for Social Research. She was formerly a professor at the University of Missouri–Kansas City. She also served as an advisor to Bernie Sanders's 2016 presidential campaign. Kelton is founder and editor-in-chief of the blog New Economic Perspectives. She was named one of ''Politico'''s 50 "thinkers, doers, and visionaries transforming American politics in 2016". ''Fast Company'' later placed Kelton on its list of Most Creative People in Business. In fall 2019, she joined the board of Matriarch PAC. Family Kelton is the daughter of Jerald and Marlene Bell. She is married to Paul Kelton, and they have two children. Education Kelton studied business finance and economics at California State Univers ...
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Modern Monetary Theory
Modern Monetary Theory or Modern Money Theory (MMT) is a heterodox * * * * * * macroeconomic theory that describes currency as a public monopoly and unemployment as evidence that a currency monopolist is overly restricting the supply of the financial assets needed to pay taxes and satisfy savings desires.Warren MoslerME/MMT: The Currency as a Public MonopolyTymoigne, Éric; Wray, L. Randall (November 2013)"Modern Money Theory 101: A Reply to Critics" Levy Economics Institute of Bard College. Working Paper No. 778. MMT is opposed to the mainstream understanding of macroeconomic theory and has been criticized heavily by many mainstream economists. MMT says that governments create new money by using fiscal policy and that the primary risk once the economy reaches full employment is inflation, which can be addressed by gathering taxes to reduce the spending capacity of the private sector. MMT is debated with active dialogues about its theoretical integrity, the implications o ...
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Politico
''Politico'' (stylized in all caps), known originally as ''The Politico'', is an American, German-owned political journalism newspaper company based in Arlington County, Virginia, that covers politics and policy in the United States and internationally. It primarily distributes content online but also with printed newspapers, radio, and podcasts. Its coverage in Washington, D.C., includes the U.S. Congress, lobbying, the media, and the presidency. Axel Springer SE, a German publisher, announced in August 2021 that it had agreed to buy Politico from founder Robert Allbritton for over $1 billion. The closing took place in late October 2021. The new owners said they would add staff, and at some point, put the publication's news content behind a paywall. Axel Springer is Europe's largest newspaper publisher and had previously acquired ''Insider''. History Origins, style, and growth ''Politico'' was founded in 2007 to focus on politics with fast-paced Internet reporting in gr ...
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Monetary Theory
Monetary economics is the branch of economics that studies the different competing theories of money: it provides a framework for analyzing money and considers its functions (such as medium of exchange, store of value and unit of account), and it considers how money can gain acceptance purely because of its convenience as a public good. The discipline has historically prefigured, and remains integrally linked to, macroeconomics. This branch also examines the effects of monetary systems, including regulation of money and associated financial institutions and international aspects. Modern analysis has attempted to provide microfoundations for the demand for money and to distinguish valid nominal and real monetary relationships for micro or macro uses, including their influence on the aggregate demand for output. Its methods include deriving and testing the implications of money as a substitute for other assets and as based on explicit frictions. History The foundational conce ...
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University Of Adelaide
The University of Adelaide (informally Adelaide University) is a public research university located in Adelaide, South Australia. Established in 1874, it is the third-oldest university in Australia. The university's main campus is located on North Terrace in the Adelaide city centre, adjacent to the Art Gallery of South Australia, the South Australian Museum, and the State Library of South Australia. The university has four campuses, three in South Australia: North Terrace campus in the city, Roseworthy campus at Roseworthy and Waite campus at Urrbrae, and one in Melbourne, Victoria. The university also operates out of other areas such as Thebarton, the National Wine Centre in the Adelaide Park Lands, and in Singapore through the Ngee Ann-Adelaide Education Centre. The University of Adelaide is composed of three faculties, with each containing constituent schools. These include the Faculty of Sciences, Engineering and Technology (SET), the Faculty of Health and Medical S ...
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American History
The history of the lands that became the United States began with the arrival of the first people in the Americas around 15,000 BC. Numerous indigenous cultures formed, and many saw transformations in the 16th century away from more densely populated lifestyles and towards reorganized polities elsewhere. The European colonization of the Americas began in the late 15th century, however most colonies in what would later become the United States were settled after 1600. By the 1760s, the thirteen British colonies contained 2.5 million people and were established along the Atlantic Coast east of the Appalachian Mountains. After defeating France, the British government imposed a series of taxes, including the Stamp Act of 1765, rejecting the colonists' constitutional argument that new taxes needed their approval. Resistance to these taxes, especially the Boston Tea Party in 1773, led to Parliament issuing punitive laws designed to end self-government. Armed conflict began ...
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United States Senate Committee On The Budget
The United States Senate Committee on the Budget was established by the Congressional Budget and Impoundment Control Act of 1974. It is responsible for drafting Congress's annual budget plan and monitoring action on the budget for the Federal Government. The committee has jurisdiction over the Congressional Budget Office. The committee briefly operated as a special committee from 1919 to 1920 during the 66th Congress, before being made a standing committee in 1974. The current Chair is Vermont Senator Bernie Sanders, and the Ranking Member is South Carolina Senator Lindsey Graham. Contrasted with other committees The Budget Committee should not be confused with the Finance Committee and the Appropriations Committee, both of which have different jurisdictions: The Finance Committee is analogous to the Ways and Means Committee in the House of Representatives; it has legislative jurisdiction in the areas of taxes, Social Security, Medicare, Medicaid and some other entitlements ...
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Blog
A blog (a truncation of "weblog") is a discussion or informational website published on the World Wide Web consisting of discrete, often informal diary-style text entries (posts). Posts are typically displayed in reverse chronological order so that the most recent post appears first, at the top of the web page. Until 2009, blogs were usually the work of a single individual, occasionally of a small group, and often covered a single subject or topic. In the 2010s, "multi-author blogs" (MABs) emerged, featuring the writing of multiple authors and sometimes professionally edited. MABs from newspapers, other media outlets, universities, think tanks, advocacy groups, and similar institutions account for an increasing quantity of blog traffic. The rise of Twitter and other "microblogging" systems helps integrate MABs and single-author blogs into the news media. ''Blog'' can also be used as a verb, meaning ''to maintain or add content to a blog''. The emergence and growth of blogs i ...
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Upstate New York
Upstate New York is a geographic region consisting of the area of New York State that lies north and northwest of the New York City metropolitan area. Although the precise boundary is debated, Upstate New York excludes New York City and Long Island, and most definitions of the region also exclude all or part of Westchester and Rockland counties, which are typically included in Downstate New York. Major cities across Upstate New York from east to west include Albany, Utica, Binghamton, Syracuse, Rochester, and Buffalo. Upstate New York is divided into several subregions: the Hudson Valley (of which the lower part is sometimes debated as to being "upstate"), the Capital District, the Mohawk Valley region, Central New York, the Southern Tier, the Finger Lakes region, Western New York, and the North Country. Before the European colonization of the United States, Upstate New York was populated by several Native American tribes. It was home to the Iroquois Confederacy, an i ...
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Bard College
Bard College is a private college, private Liberal arts colleges in the United States, liberal arts college in Annandale-on-Hudson, New York. The campus overlooks the Hudson River and Catskill Mountains, and is within the Hudson River Historic District—a National Historic Landmark. Founded in 1860, the institution consists of a liberal arts college and a Bard College Conservatory of Music, conservatory, as well as eight graduate programs offering over 20 graduate degrees in the arts and sciences. The college has a network of over 35 affiliated programs, institutes, and centers, spanning twelve city, cities, five U.S. states, states, seven country, countries, and four continents. History Origins and early years During much of the nineteenth century, the land now owned by Bard was mainly composed of several estate (land), country estates. These estates were called Blithewood, Bartlett, Sands, Cruger's Island, and Ward Manor/Almont. In 1853, John Bard (philanthropist), ...
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Master's Degree
A master's degree (from Latin ) is an academic degree awarded by universities or colleges upon completion of a course of study demonstrating mastery or a high-order overview of a specific field of study or area of professional practice.
A master's degree normally requires previous study at the bachelor's degree, bachelor's level, either as a separate degree or as part of an integrated course. Within the area studied, master's graduates are expected to possess advanced knowledge of a specialized body of and applied topics; high order skills in

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University Of Cambridge
, mottoeng = Literal: From here, light and sacred draughts. Non literal: From this place, we gain enlightenment and precious knowledge. , established = , other_name = The Chancellor, Masters and Scholars of the University of Cambridge , type = Public research university , endowment = £7.121 billion (including colleges) , budget = £2.308 billion (excluding colleges) , chancellor = The Lord Sainsbury of Turville , vice_chancellor = Anthony Freeling , students = 24,450 (2020) , undergrad = 12,850 (2020) , postgrad = 11,600 (2020) , city = Cambridge , country = England , campus_type = , sporting_affiliations = The Sporting Blue , colours = Cambridge Blue , website = , logo = University of Cambridge logo ...
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Rotary Foundation
The Rotary Foundation is a non-profit corporation that supports the efforts of Rotary International to achieve world understanding and peace through international humanitarian, educational, and cultural exchange programs. It is supported solely by voluntary contributions. The foundation was created in 1917 by Rotary International's sixth president, Arch C. Klumph, as an endowment fund for Rotary "to do good in the world." It has grown from an initial contribution of US$26.50 to more than US$1billion. It has one of the largest and most prestigious international fellowship programs in the world. Programs Polio eradication ''PolioPlus'': Rotarians have mobilized by the hundreds of thousands to ensure that children are immunized against this crippling disease and that surveillance is strong despite the poor infrastructure, extreme poverty and civil strife of many countries. The Polio Plus program has been promoted by Sergio Mulitsch di Palmenberg President and founder of Rotary Club ...
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