This is the economist who gave Sanders his ideas. Wall Street is ...

World

This is the economist who gave Sanders his ideas. Wall Street is petrified

The professor believes the US ‘can’t run out of dollars’ just as a ‘carpenter can’t run out of inches’

Tom Rees

Stephanie Kelton does not see economics the way most economists do. US dollars are like points in an American football game or frequent flier miles for an airline, she argues.

The Stony Brook University professor believes the US “can’t run out of dollars” just as a “carpenter can’t run out of inches”.

Kelton is the top economic adviser of Democratic challenger Bernie Sanders and a leading advocate of the highly controversial Modern Monetary Theory (MMT) – a set of ideas causing a stir in economics...

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