Augustana Symposium - April 12, 2014
The Augustana Symposium, like the ancient meeting recorded by Plato, is a collegial gathering intended to foster the investigation and discussion of important matters. The structure of the Symposium emulates a traditional academic conference, and Augustana students are invited to present their original research on any topic in this forum.
Dr. Stephanie Kelton will be the keynote speaker for the 2014 Symposium. She is an Associate Professor and Chair of the Department of Economics at the University of Missouri, Kansas City.
"Turn That Frown Upside Down: A Heartwarming Tale of Debt and Deficits in the Modern Economy"
Stephanie Kelton will introduce us to a new way of thinking about money, debt and government finance. While the national conversation is dominated by people who are preoccupied with "fixing the debt", and "balancing the federal budget", Dr. Kelton asks whether the national debt is a legitimate problem and whether balancing the budget is a sensible policy goal. She'll discuss the operational side of money creation and government finance, and she will show why balancing the federal budget might be one of the most fiscally irresponsible things our government could do. Understood in the context of the workings of the modern monetary system, her insights make it clear why Washington seems to be getting it all wrong.