Economics
Stephanie Kelton’s Lecture Questions

Question Description

I need an explanation for this Economics question to help me study.

Watch the Stephanie Kelton's lecture: https://www.youtube.com/watch?v=WS9nP-BKa3M

Then answer the following questions:

1. What is the typical political narrative about the national debt? Provide examples about the political narrative from the beginning of Stephanie Kelton's lecture or from additional news research (provide links). What does Stephanie Kelton say about the debt?

2. What is the biggest mistake in our thinking about the debt according to Stephanie Kelton? Why is the government budget different from a household budget? Why is deficit spending different from household spending?

3. What are the 5 big questions and their answers? List each separately.

4. What did you learn about the image above from Kelton's lecture?

5. What policies do you think are more important than the question of how we will pay for it? Think big. How should the U.S. be using our labor and natural resources? Pick at least two big social or political issues that you care about or that affect your family.

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Final Answer

Attached.

Stephanie Kelton’s Lecture Questions – Outline
I. Typical political narrative about the national debt
II. Mistakes in thinking about debt
III. The 5 big questions and their answers
IV. The debt image from Kelton’s lecture
V. Recommendations


Running head: STEPHANIE KELTON’S LECTURE QUESTIONS

Stephanie Kelton’s Lecture Questions
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STEPHANIE KELTON’S LECTURE QUESTIONS

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Stephanie Kelton’s Lecture Questions
Question 1
According to (Stony Brook University, 2018), the existing political narrative about the
national debt is that the American government is burdening the next generation with a
tremendous amount of debt. The political class argues that the increasing debt, being as a result
of growing deficit, will, according to the politicians, cause high taxes for the entire American
public. The politicians also claim that the whole issue concerning borrowing is a wrong move for
the government to close the gap between the available revenues and the expenditure requirement.
On the other hand, however, Stephanie Kelton believes that national debt is the amount of capital
or expenditure which the government spends and does not tax back. The debt is a historical
record that the government made the ne...

henryprofessor (72690)
UCLA

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