Saturday, October 4, 2014

Elias Isquith — The economy still sucks: Economist Stephanie Kelton on why we can’t declare victory just yet

Coming on the heels of not only a triumphal speech from President Obama but one of the best job reports of the past six years, now would probably seem like a weird time to share some economic bad news. Yet while anyone who is lucky enough to have financial security may be under the impression that good times are here again, poll after poll after poll shows a clear majority of Americans still think the economy, well, sucks. Are they all crazy, or is the economic picture more complicated than it may seem? 
To answer that question, Salon reached out to professor Stephanie Kelton, the economics department chair at the University of Missouri–Kansas City who frequently analyzes the state of the economy via the New Economic Perspectives blog and her active Twitter account (as well as appearing on TV). According to Kelton, things are not as terrible as they were just a few years ago — but they’re also not nearly as rosy as they seem. Our conversation is below and has been edited for clarity and length.
Salon
The economy still sucks: Economist Stephanie Kelton on why we can’t declare victory just yet
Elias Isquith

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