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US Fiscal Policy and the 'Deficit Myth' with Stephanie Kelton

Masters in Business

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Rethinking Unemployment and Fiscal Policy

This chapter examines involuntary unemployment and proposes a government-funded job guarantee as a solution during economic downturns. It critiques austerity measures and discusses the dynamics of fiscal policy, particularly during the presidencies of George W. Bush and Barack Obama. The conversation navigates the tension between stimulus and austerity, advocating for a re-evaluation of fiscal tools to enhance economic recovery amidst political challenges.

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