Paul Krugman
Although Paul Krugman has clashed with Stephanie Kelton over her absurd book claiming that deficits don t matter (See my rebuttal: Problems With Modern Monetary Theory: A Comment on Stephanie Kelton’s The Deficit Myth ), Krugman sounds as though he is now part of the MMT camp.
In his latest
New York Times column, he writes:
[I]t’s a completely safe prediction that once Joe Biden is sworn in, we will once again hear lots of righteous Republican ranting about the evils of borrowing. What’s less clear is whether we’ll see a repeat of what happened during the Obama years, when many centrists and much of the news media both took obvious fiscal phonies seriously and joined in the chorus of fearmongering.
Ames Tribune
As federal COVID-19 employee benefits are set to end this month, the Story County Board of Supervisors received a request to extend them themselves, barring action from Congress.
The supervisors are set to discuss the request at their virtual meeting at 10 a.m. Tuesday after Story County director of internal operations and human resources Alissa Wignall sent a letter to the board. The letter requested the supervisors extend the Families First Coronavirus Response Act to Feb. 28. This means that, currently, employees are not entitled to receive Covid-19 leave (EPSL) or EFMLA benefits past December 31, 2020, Wignall wrote in the letter. There has been discussion of extending or amending the benefits, but Congress has taken no action to do so.