Temporary Inflation a Sign of Growing Pains: Economist Kelton

Jul.16 -- Stony Brook University Economics Professor Stephanie Kelton thinks that inflation is transitory and is a sign of "growing pains" from an economy that is emerging from a pandemic. She joins Romaine Bostick on "Bloomberg Wall Street Week."

[cameronmachado]

If you want to talk about inflation, only have Stephanie on, not people who benefit from it

[justinle]

Home prices up 20% in the blink of an eye. My down payment goal post just shifted back so far 😭😭😭 Kelton is the biggest advocate for MMT and is the economic advisor for bernie sanders. That should tell you a lot!

[westcoastsunsation]

Laughing out loud. The only thing transitory is that the fed helped transit assets from the poor to the wealthy.

[timberrr]

Under Biden Our economy is being inflated so people cannot afford homes. They become renters with rising rents. The middle class disappears. There is no “building out the center” as she says.
The lower class explodes. Wages cannot go up because the companies will resist higher prices to pay for high wages and taxes due to their position in global competition. Their product will become too high priced.

What she is completely missing is the fact that the rest of the world is paying workers 20-80 cents an hour wages. Jobs will leave America. Companies will not pay higher taxes, they will leave America instead. They will be based in Ireland.

Biden will have to tax for all this spending. Homeowners won’t be able to pay his taxes, so the state govt becomes owner of their homes. She is double talking. She is creating socialism and giving handouts to illegals and even governments. She is “buying votes”.

[henrka]

She was woefully wrong, and now we have to all pay with high inflation because of her mistaken view that many bought into, including the Fed. Now interest rates will have to rise much higher than what they they would have if they had been raised a year ago instead of today.

[tommasovacca]

Kelton is a genius, in Italy we have Draghi. Recovery is 200 billion in 6 years. Wow, new austerity

[garretttjordan]

None of her work is published (meaning not peer-reviewed). Bloomberg, wouldn’t it make sense to have on an economist who can actually pass publication?

[muzvkvr]

Lynn Wood has the Spirit of Wisdom 😃 |

[jechowypoboznik]

Some people, who lived life of denials and lies, can't even die, despite they want it desperately. 😔 |

[marekkolenda]

High temperature can melt electric power lines

[GavinLawrence]

Kelton seriously can't believe what she's saying???

[paganisticnationalist]

Is there a list of these 32 Governors 🤓 |

[morganvon]

MMT has been tried in other countries and has led to persistent inflation. It has never worked and makes the poor even poorer. It also leads to decline of private investment and higher unemployment.

[drkitti]

Yay, of course everyone wants free money Miss Kelton 🤦🙈🤣

[Doug]

China have established national goals for the next few decades, whereas US mainly focus on policies which affect the next election cycle.

[peterponcedeleon]

MMT is not new and has been tried plenty of times in the past and it has failed every time.

[diegoflores]

First they said no inflation, then that is transitory, then they extended the length of time its transitory. They will never admit that inflation is a problem even if one tomato is $10

[Rob-fxdw]

Inflation is now 8% and the trend is Upwards !! No - she did not forecast it. Kelton now making absurd statements like "it's growing pains" because she can never admit that inflation was and is related to the growth in the money supply which has been the one common factor in All inflations.
Of course inflatuion is up because the money supply and Federal deficits funded by money expansion have been rising despite her previous claims of deficits not causing inflation..

Lin wood just spoke of pre-tribulation rapture as if it’s a fact! I personally believe in post tribulation rapture. Both philosophies are highly debated, however Lin Wood made a philosophical mistake by declaring that the tribulation can’t happen until the rapture happens first. Last time I checked(which is often) the Bible says that the great tribulation happens after the abomination of desolation occurs. Also the scripture says that we will hear the trumpet call of God and then we will be caught up together with him . The trumpet call of God and the last trumpet are the same thing. 1st Thessalonians 4:15-17. According to the Lord’s word, we tell you that we who are still alive, who are left until the coming of the Lord, (A) will certainly not precede those who have fallen asleep. So the rapture happens at the same time Jesus returns to sit as king. 😇 |

[JensSuelflow-lfdo]

I wish everything you’re saying is really happening, otherwise you are spreading false hope. 💛 |