The Rotating Hans Grubers of the Debt Ceiling Debate
As this current installment of the debt ceiling franchise draws to an unsatisfactory close — let us vow to make this our last debt ceiling showdown.
As this current installment of the debt ceiling franchise draws to an unsatisfactory close — let us vow to make this our last debt ceiling showdown.
The attacks on MMT are taking a comical turn. Don’t miss this rebuttal complete with an AMAZING list of reference links.
Sadly, just like a hostage held captive for too long, much of the general public has bought into fundamentally flawed ideas.
It’s a simple solution, and not scary at all – unless you are one of the people behind the curtain trying to maintain the economic lies keeping you in power.
Predictions of doom are really based on provisions in law that Congress can change at any time.
Remarks by L. Randall Wray at “The Treaty of Versailles at 100: The Consequences of the Peace”, a conference at the Levy Economics Institute, Bard College, May 3, 2019.
Sovereign government does not really need revenue in its own currency in order to spend.
There never has been the kind of independence supposed by orthodox economists.
In this blog we look at the myth of Fed independence from its creator, the Congress and from the Treasury.