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Session 5: Sunday, June 3rd: 10:00 - 11:50am
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As our demands grow bolder—true full employment, the rebuilding of the social safety net starting with Medicare for All, an overdue green and just transition—so will the naysayers’ inevitable refrain: “How will you pay for it?” Developments in our understanding of monetary theory and the money system has, thankfully, illuminated a path forward out of the trap of austerity: when we understand how money actually works, we know that the obstacles to bold action at a national scale on jobs, healthcare, and climate are political, not economic. So what does a post-austerity left politics look like? How does an understanding of both public and private money creation inform our national visions and our local struggles? How do we shut down liberals who insist on talking about deficits? How do we exit from financialization and crushing levels of private debt? And, ultimately, what are the strategies needed to take on the over-mighty financial sector and turn the power of money creation to democratic social ends?


Michael Hudson is President of The Institute for the Study of Long-Term Economic Trends (ISLET), a Wall Street Financial Analyst, Distinguished Research Professor of Economics at the University of Missouri, Kansas City and author of J is Junk Economics (2017), Killing the Host (2015), The Bubble... Read more
Co-founder, The Democracy Collaborative and Co-Chair, The Next System ProjectGar Alperovitz has had a distinguished career as a historian, political economist, activist, writer, and government official. For fifteen years, he was the Lionel R. Bauman Professor of Political Economy at the University... Read more
StephanieSanders Institute, Stony Brook University Kelton, Ph.D. is Professor of Public Policy & Economics at Stony Brook University. She served as Chief Economist on the U.S. Senate Budget Committee (minority staff) in 2015 and as an Economic Advisor to the Bernie 2016 presidential campaign.... Read more
Raúl Carrillo is the Staff Attorney for the New Economy Project in NYC, where he staffs the NYC financial justice hotline and provides legal and strategic support to community groups. Before joining New Economy Project, he served as Special Counsel to the Enforcement Director at the Consumer... Read more
Pavlina R. Tcherneva, Ph.D., is Associate Professor and Chair at the Department of Economics at Bard College. She is also a Research Associate at the Levy Economics Institute, and a Senior Research Scholar the Center for Full Employment and Price Stability.