Arnold Kling
Social media mobs and “woke” bureaucrats do not take orders from a single leader, but the denunciations and demands of CRT are totalitarian nonetheless.
The prospects for a repeat of the post-World War II experience of falling debt/GDP ratios are poor.
Kelton offers an alternative to orthodox monetary theory, but it is an alternative with even more conceptual deficits.
Arnold Kling is an economist who served on the staff of the Board of Governors of the Federal Reserve System from 1980-1986. He was a senior economist at Freddie Mac from 1986-1994. In 1994, he started Homefair.com, one of the first commercial sites on the World Wide Web. (Homefair was sold in 1999 to Homestore.com.) Kling is an adjunct scholar with the Cato Institute and a member of the Financial Markets Working Group at the Mercatus Center at George Mason University.