Unit 6 Assignment

How much do Federal Deficits matter? 

As explained in the class notes, Fiscal Conservatives believe that deficits matter a lot and should be avoided, except for problems like recessions and wars.  A very different view is called "Modern Monetary Theory" and one of its advocates is Prof. Stephanie Kelton.   

First, read Prof. Kelton's opinion article from the New York Times Download opinion article from the New York Times

.  Then in a "letter to the editor," summarize the traditional or mainstream view of Fiscal and Monetary Policy, summarize Kelton's argument, and provide reasons to support either Fiscal Conservative, Mainstream Economics, or Modern Monetary Theory.   To be clear, you want to choose an approach and make good arguments for it.  Your letter to the editor will be two or three pages long, double spaced.  Submit by January 24.