Uncle Sam Is Not Broke

Michael Stephens | October 14, 2011

The bowling alley cannot run out of points, and the US government cannot run out of keystrokes.  Research Associate Stephanie Kelton slaps down the folk wisdom that there is nothing the government can do about unemployment because it’s “broke.”  “We don’t understand our own monetary system.”

(hat tip to NEP)


One Response to “Uncle Sam Is Not Broke”

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  1. Comment by rjsOctober 15, 2011 at 4:37 am   Reply

    i wish the sound quality was better…

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