Zach Carter in The Huffington Post:
Kelton’s core idea ― that the government can’t run out of money or go bankrupt, no matter how much it spends ― hasn’t really changed since the days when Buiter and Krugman were trashing her thinking. But it seems the world has. Today she is a full-fledged member of the American power elite, juggling television bookings with MSNBC’s Chris Hayes and Bloomberg TV’s Joe Weisenthal, writing op-eds for The New York Times and being quoted in The Wall Street Journal.
Pod Save America and Financial Times want her on their podcasts. She’s got a book deal with Public Affairs, and Bloomberg View has signed her up as its newest columnist ― but she isn’t sure that gig is worth the time, given her packed speaking schedule. In May alone, she’s being flown to Las Vegas to debate a former International Monetary Fund chief economist before heading to Monaco to moderate a panel on artificial intelligence. After that, the House of Lords in London.
Everybody wants a piece of Kelton these days because a simple, radical idea she has been workshopping her entire career is the next big thing in Democratic Party politics. She calls it the job guarantee ― a federal program offering a decent job to every American who wants to work, in every county in the country, at any phase of the business cycle.
It’s a practical expression of her monetary thinking.