Author of the NYT bestseller The Deficit Myth. Professor of Economics and Public Policy at Stony Brook University. Writer of newsletter https://stephaniekelton.substack.com/
I think @stephaniekelton.bsky.social ’s post is particularly valuable b/c it combines sound public-debt accounting with a broader macroeconomic point: a rising bond yield is a market signal, not, by itself, proof of an impending Govt-debt crisis.
