The 2008 crash was a long time coming, but the crisis we’re in now came as an overnight delivery. So how are fiscal policy and monetary policy being applied to deal with this emergency?
Where I disagree is the defense of the 2017 tax cut as having no negative effect. When things are going good, as they were, that’s the time to pay off some debt. Stephanie Kelton almost makes it sound as though everything can be financed with debt, rather than taxes, which is a ludicrous idea.