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Stephanie Kelton

@stephaniekelton.bsky.social

15K followers 370 following 240 posts

Author of the NYT bestseller The Deficit Myth. Professor of Economics and Public Policy at Stony Brook University. Writer of newsletter https://stephaniekelton.substack.com/

stephaniekelton.substack.com

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Stephanie Kelton @stephaniekelton.bsky.social · Nov 26

The next 4 years are going to be a rollercoaster. I’ll share most of my running commentary and analysis via my newsletter. Sign up if you’d like to follow along.
stephaniekelton.substack.com

The Lens | Stephanie Kelton | Substack

Economic analysis, research, and commentary using the lens of MMT. Click to read The Lens, by Stephanie Kelton, a Substack publication with tens of thousands of subscribers.

stephaniekelton.substack.com

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Miguel de Icaza @migueldeicaza.bsky.social · Aug 14

On the other site @stephaniekelton.bsky.social wrote:

Link to quoted piece:

www.chinabankingnews.com/p/chinese-ec...

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Tanya Tussing @tanyatussing.bsky.social · Aug 8

Monthly jobs report - BLS “report preliminary data. Everyone knows it’s just an initial glimpse—i.e. an early estimate that will be revised as more data comes in.” Fed officials often point out “that they don’t want to put too much weight on a single report, … subject to multiple revisions.”

Stephanie Kelton @stephaniekelton.bsky.social · Aug 7

My latest open.substack.com/pub/stephani...

Why Were We Told to Brace for a "Detox Period" if the White House Won't Allow the Data Confirm It?

The Trump administration is blaming everyone and everything that brought us to this point except the people and things that actually brought us to this point.

open.substack.com

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Tanya Tussing @tanyatussing.bsky.social · Aug 7

"PERSON: What does the data show?

ECONOMIST: What do you want it to show?"

Stephanie Kelton @stephaniekelton.bsky.social · Aug 7

My latest open.substack.com/pub/stephani...

Why Were We Told to Brace for a "Detox Period" if the White House Won't Allow the Data Confirm It?

The Trump administration is blaming everyone and everything that brought us to this point except the people and things that actually brought us to this point.

open.substack.com

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Stephanie Kelton @stephaniekelton.bsky.social · Aug 7

My latest open.substack.com/pub/stephani...

Why Were We Told to Brace for a "Detox Period" if the White House Won't Allow the Data Confirm It?

The Trump administration is blaming everyone and everything that brought us to this point except the people and things that actually brought us to this point.

open.substack.com

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Reposted by Stephanie Kelton

CNBC @cnbc.com · Aug 5

Do you want to learn more about our nation's growing deficit and the implications for markets, the economy and geopolitics?

Join us this Thursday, August 7 at 1 PM ET on Reddit for an AMA with our senior banking and finance reporter Leslie Picker.

bit.ly/455vahl

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Stephanie Kelton @stephaniekelton.bsky.social · Aug 2

lol.

Stephanie Kelton @stephaniekelton.bsky.social · Jul 29

Thank you!

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Luke Kawa @ljkawa.bsky.social · Jul 22

Crypto is all about reinventing the financial wheel.

TradFi should <not> have to relearn lessons about quality of collateral!!!

Tomas Hirst @tomashirstecon.bsky.social · Jul 22

OK, I'm known to be a crypto bear (& yes, having fun staying poor etc). But if it's just a load of people YOLO-ing money - even if they are doing so in a personally unwise way - it's not a systemic issue really (tho encourages criminality etc). Banks lending against crypto collateral is different...

Aidan Skinner @aidan.skinner.me.uk · Jul 22

Keep climbing higher and higher
Contagian
You can take it or leave it
Contagion
But you'd better believe it

on.ft.com/4oiGrCD

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Stephanie Kelton @stephaniekelton.bsky.social · Jul 18

My latest. open.substack.com/pub/stephani...

What Worries Me About the 'Big Beautiful Bill' Isn't the Price Tag. It's Everything Else.

Republicans have delivered on the One Big, Beautiful Bill (OBBB).

open.substack.com

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Stephanie Kelton @stephaniekelton.bsky.social · Jul 18

My latest. open.substack.com/pub/stephani...

What Worries Me About the 'Big Beautiful Bill' Isn't the Price Tag. It's Everything Else.

Republicans have delivered on the One Big, Beautiful Bill (OBBB).

open.substack.com

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Ivan the K ™☑️ @ivanthek.bsky.social · Jul 15

TRANSLATION:

US IMPORTERS TO PAY TARIFFS ON GOODS FROM INDONESIA.

CONGRATULATIONS, EVERYONE.

MAGA.

🚨 Live Stock Market News @tradersclub.bsky.social · Jul 15

US Commerce Secretary Lutnick: The Indonesia deal is 0% on US goods, but includes a tariff on their goods.

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ryan cooper @ryanlcooper.com · Jul 15

"two first-rate economists, David Cutler and Ed Glaeser, have made a stab at estimating the impact of cuts at NIH. Their analysis suggests that these cuts might save $500 billion in federal spending over the next 25 years — while imposing more than $8 trillion in losses."

For MAGA, Ignorance is Strength

Research cuts aren’t about shrinking government, they’re about killing science

paulkrugman.substack.com

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Stephanie Kelton @stephaniekelton.bsky.social · Jul 11

I have missed engaging with you!

Reposted by Stephanie Kelton

Adam McKay @ghostpanther.bsky.social · Jul 11

Nope.

Mike Stabile @mikestabile.bsky.social · Jul 10

Starting July 25, Bluesky will require users in the UK to scan their face, upload an ID or verify their identity with a bankcard.

I realize that platforms feel they have no choice but to comply with the government surveillance schemes, but shocking nonetheless.

Bluesky is rolling out age verification in the UK

Bluesky users in the UK can verify their age using their face, ID, or payment card.

www.theverge.com

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Stephanie Kelton @stephaniekelton.bsky.social · Jul 10

💯

Tressie McMillan Cottom @tressiemcphd.bsky.social · Jul 10

Okay thanks.

As student loan debt becomes racialized, it is more associated with deservedness — i.e. welfare queen narratives of taxpayer citizenship

Liberalism likes taxpayer citizenship — bucket of rights purchased by exercising individual freedom to acquire “good” or “bad” debt

Daniel Drucker @danieldrucker.bsky.social · Jul 10

bsky.app/profile/tres...

I'm happy to use that construct! I was just wondering who you had in mind and in what pieces, that's really it.

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Harvey J Kaye @harveyjkaye.bsky.social · Jul 7

A Big, Bipartisan Betrayal www.levernews.com/a-big-bipart...

A Big, Bipartisan Betrayal

Democrats are using Trump’s apocalyptic bill as a campaign gimmick — and ignoring their role in its cruelty.

www.levernews.com

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The Tennessee Holler @thetnholler.bsky.social · Jul 5

BURCHETT: “Trump told me there’s no windmills in China.”

REALITY: As @stephaniekelton.bsky.social points out, if Bumblin’ @RepTimBurchett would use Google he’d see they are the global leader in wind turbine installations.

Q: Has Burchett ever been right about anything?

(h/t @acyn.bsky.social )

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Michael Mirer @michaelmirer.bsky.social · Jul 5

If you say deficits are a dire threat to the country but raising taxes is somehow off limits, then you do not actually think deficits are a dire problem.

Greg Sargent @gregsargent.bsky.social · Jul 5

For 50 years GOP has employed 3 big scams:

*deficits pose dire threat only when Dem is in WH
*tax cuts for rich pay for themselves
*safety net cuts needed to purge welfare cheats

w/this bill, Trump's "working class GOP" is supercharging all three

New piece from me

newrepublic.com/article/1976...

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Stephanie Kelton @stephaniekelton.bsky.social · Jul 5

Richmond Fed president asks business leaders about Trump’s tariffs and learns that firms are “raising prices not because they have to, but because they think they can get away with it.” www.wsj.com/economy/tom-...

To Understand the Economy, This Fed President Is Ditching His Desk

Tom Barkin is looking for clarity about inflation, tariffs and employment the old-fashioned way: He’s talking to people.

www.wsj.com

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Craig Harrington @craigipedia.bsky.social · Jul 3

I really feel like everyone would have a better understanding of what’s going on if they read @stephaniekelton.bsky.social’s book or watched her documentary. Everything would make a lot more sense!

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Stephanie Kelton @stephaniekelton.bsky.social · Jul 3

And by “touching” they mean pummeling. Rural hospitals will shutter. As many as 13 million people will lose health coverage. Preventable deaths will spike. Political suicide?

@NewsJennifer (Jennifer Schulze) @newsjennifer.bsky.social · Jul 2

Helluva @notusreports.bsky.social scoop showing that Trump has no idea what's in his budget bill. Seems like something that ought to get a lot more attention.

Also this: a republican house member actually admits that they are attacking medicaid. Yes, they are.
www.notus.org/congress/rec...

But Trump still doesn’t seem to have a firm grasp about what his signature legislative achievement does. According to three sources with direct knowledge of the comments, the president told Republicans at this meeting that there are three things Congress shouldn’t touch if they want to win elections: Medicaid, Medicare and Social Security.

“But we’re touching Medicaid in this bill,” one member responded to Trump, according to the three sources.

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E.J. Dionne @ejdionne.bsky.social · Jul 2

“In order to truly believe that the Freedom Caucus is going to tank the bill, they’re going to have to actually vote against it. Not hold out, not fold their arms and grumble. Actually vote against it. And we still haven’t seen that.”
@ddayen.bsky.social

americanprospect.bluelena.io/index.php?ac...

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David Dayen @ddayen.bsky.social · Jul 1

Johnson initially voted no on the motion to proceed.
He flipped because of a promise for an amendment for more Medicaid cuts.
The Senate didn't vote on that amendment.
Now he's a yes.
It just wasn't serious that the Senate deficit hawks (outside of Paul) would bolt. They're fakes.

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Brad Johnson @climatebrad.hillheat.com · Jun 29

The Senate version of the #BigUglyBill is somehow even worse than the House version

Just cramming more shit into the shit sandwich

Senate Republicans' tax cuts now projected to cost $4.45T, up more than $200 billion

Senate Republicans make steep cuts to wind and solar in updated megabill text

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The Tennessee Holler @thetnholler.bsky.social · Jun 28

Sen. Hawley a yes on exactly the thing he says we can’t be doing

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