Courses / Science & Philosophy / SCIENCE AND SCIENTISTS
Coordinators: Steve Allen, Gil Santiago, Brenda Wilder, Judy Weis
Advances in science uncover wonders that transform our lives and deepen our understanding of humanity, life, and the world around us. Science literacy is the key that opens doors to the extraordinary beauty of our natural world. This course will explore various pathways of scientific inquiry, their impacts and limits, and highlight some of the men and women responsible for groundbreaking research. Presenters will strive to communicate in a way that all can understand.
A WEEK / THURSDAY / 2:00pm to 3:30pm
Topic: Modern Monetary Theory and Stephanie Kelton’s The Deficit Myth. Prominent political leaders (such as Bernie Sanders and Alexandria Ocasio-Cortez) economists, and columnists have recently been calling attention to a proposed model of how government policy impacts the economy. Labelled Modern Monetary Theory, this model has profound implications for how large new government initiatives can be financed, how problems of unemployment and underemployment can be addressed, and how the long-term solvency of programs like Social Security and Medicare can be managed. A leading proponent of this model, Stephanie Kelton has recently written a book, The Deficit Myth, explaining its implications. Professor Kelton is an economist who has been an advisor to both of Bernie Sanders’ Presidential campaigns, is the author of numerous research articles, and has frequently been the subject of articles in major publications. In this talk we will examine this theory and explore the objections that have been raised by other economists and government leaders. We’ll seek the answer to questions such as “Should you be concerned about the size of the national debt?”, “Is China’s large holdings of US Treasury securities something to worry about?”, and “Will our children’s and grandchildren’s generation need to pay for our generation’s spending excesses?”