{"id":2031,"date":"2011-10-14T12:32:47","date_gmt":"2011-10-14T16:32:47","guid":{"rendered":"http:\/\/www.multiplier-effect.org\/?p=2031"},"modified":"2011-10-18T12:23:33","modified_gmt":"2011-10-18T16:23:33","slug":"uncle-sam-is-not-broke","status":"publish","type":"post","link":"https:\/\/blogs.bard.edu\/multiplier-effect\/uncle-sam-is-not-broke\/","title":{"rendered":"Uncle Sam Is Not Broke"},"content":{"rendered":"<p>The bowling alley cannot run out of points, and the US government cannot run out of keystrokes.\u00a0 Research Associate <a href=\"http:\/\/www.levyinstitute.org\/scholars\/?auth=362\">Stephanie Kelton<\/a> slaps down the folk wisdom that there is nothing the government can do about unemployment because it&#8217;s &#8220;broke.&#8221;\u00a0 &#8220;We don&#8217;t understand our own monetary system.&#8221;<\/p>\n<p><object style=\"height: 273px; width: 448px;\" width=\"448\" height=\"273\" classid=\"clsid:d27cdb6e-ae6d-11cf-96b8-444553540000\" codebase=\"http:\/\/download.macromedia.com\/pub\/shockwave\/cabs\/flash\/swflash.cab#version=6,0,40,0\"><param name=\"allowFullScreen\" value=\"true\" \/><param name=\"allowScriptAccess\" value=\"always\" \/><param name=\"src\" value=\"http:\/\/www.youtube.com\/v\/SlSBA6Pn-Hc?version=3&amp;start=1704\" \/><param name=\"allowfullscreen\" value=\"true\" \/><param name=\"allowscriptaccess\" value=\"always\" \/><\/object><\/p>\n<p>(hat tip to <a href=\"http:\/\/neweconomicperspectives.blogspot.com\/\">NEP<\/a>)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The bowling alley cannot run out of points, and the US government cannot run out of keystrokes.\u00a0 Research Associate Stephanie Kelton slaps down the folk wisdom that there is nothing the government can do about unemployment because it&#8217;s &#8220;broke.&#8221;\u00a0 &#8220;We don&#8217;t understand our own monetary system.&#8221; (hat tip to NEP)<\/p>\n","protected":false},"author":202,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[49,112,40],"tags":[],"class_list":["post-2031","post","type-post","status-publish","format-standard","hentry","category-fiscal-policy","category-modern-monetary-theory","category-monetary-policy"],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/blogs.bard.edu\/multiplier-effect\/wp-json\/wp\/v2\/posts\/2031","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blogs.bard.edu\/multiplier-effect\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blogs.bard.edu\/multiplier-effect\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blogs.bard.edu\/multiplier-effect\/wp-json\/wp\/v2\/users\/202"}],"replies":[{"embeddable":true,"href":"https:\/\/blogs.bard.edu\/multiplier-effect\/wp-json\/wp\/v2\/comments?post=2031"}],"version-history":[{"count":14,"href":"https:\/\/blogs.bard.edu\/multiplier-effect\/wp-json\/wp\/v2\/posts\/2031\/revisions"}],"predecessor-version":[{"id":2041,"href":"https:\/\/blogs.bard.edu\/multiplier-effect\/wp-json\/wp\/v2\/posts\/2031\/revisions\/2041"}],"wp:attachment":[{"href":"https:\/\/blogs.bard.edu\/multiplier-effect\/wp-json\/wp\/v2\/media?parent=2031"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blogs.bard.edu\/multiplier-effect\/wp-json\/wp\/v2\/categories?post=2031"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blogs.bard.edu\/multiplier-effect\/wp-json\/wp\/v2\/tags?post=2031"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}