“The Biggest Idea In Washington”
Professor Stephanie Kelton is advising Democrats to run on a universal guaranteed jobs plan. In other words, more of the same, tired socialist crap.
The College Fix reports:
Popular econ professor advances universal job guarantee plan with Democrats
A Stony Brook University economist who has become a darling among social progressive politicians and policy wonks is advising the Democrat Party to run on the idea of a universal job guarantee, and it’s a proposal that’s gained a lot of traction.
Stephanie Kelton served as chief economist for the U.S. Senate Budget Committee in 2015 and then as senior economic advisor for Bernie Sanders’ presidential bid. Today she serves as a leading voice among far-left Democrats seeking to help advance a political Blue Wave.
Her universal job guarantee proposal has been called “The Biggest Idea In Washington” in a lengthy profile on Kelton in Huffington Post that reports even Wall Street is mulling her idea along with progressive think tanks and politician such as Sanders, Elizabeth Warren and Kirsten Gillibrand.
“Everybody wants a piece of Kelton these days because a simple, radical idea she has been workshopping her entire career is the next big thing in Democratic Party politics. She calls it the job guarantee ― a federal program offering a decent job to every American who wants to work, in every county in the country, at any phase of the business cycle,” HuffPost reports.
“It’s a practical expression of her monetary thinking. To her, governments aren’t directly constrained by how much programs cost. The serious concern is inflation, and a job guarantee would revolutionize the way the United States manages the value of the dollar, forcing the Federal Reserve to stop creating unemployment when it wants to keep prices down.”
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