Ayn Rand and the Missing Gun
Ayn Rand might be dead wrong, but that hasn’t stopped her ideas from having a profound effect in Congress.
Economic Justice
Warren Mosler’s Crisis Management Proposal
These were my proposals back in March. Now, with 20-20 hindsight, and some 8 months on, seems I wouldn’t change a thing…
Exploitation Entrepreneurialism
Keeanga-Yamahtta Taylor’s Race for Profit is an essential read not just for anyone interested in racism, housing segregation and post-Civil Rights era racial politics, but for anyone interested in understanding the American economy. It is impossible to understand contracts, property deeds, government guarantees, homeowner’s associations, or lending without knowing how each of these building blocks of the market can be used for race-based exploitation.
How would Job Guarantee wages be set?
It is Wednesday so some snippets and some music – sad music this week because it signals the death of one of the great pioneers of Jamaican music last week. I am holding a Mini-Music Festival today – right here on my blog. Join in an celebrate a legend. But a few economics matters first …
The Problem With How We Talk About the US Debt
We have a big problem with the way the media reports on the national debt. It’s unclear if they don’t understand how federal debt works, if they intentionally write about it in the scariest way possible, or some combination of the two. Let’s start with a passage recently published by NPR: I don’t doubt the …
Breadth and Taxes
This article was written by Emma Caterine and originally posted on LPE Project blog on 9/08/2020. This post is part of our symposium on Stephanie Kelton’s The Deficit Myth. You can find the full symposium here. Into the dual fiscal crises of COVID-19 and campaigns to Defund the Police comes Stephanie Kelton’s long-awaited book “The Deficit Myth: Modern Monetary Theory and …
White Paper: A National Investment Authority
Robert C. Hockett and Saule T. Omarova propose in the white paper listed below that the United States government create a ‘National Investment Authority’ as an intermediate agency between the Federal Reserve and the United States Treasury. Its function would be to mobilize capital from both the public and private sectors to benefit the general …
Trump and Barr Unleash a “Lawfare” Assault on Democracy
“Lawfare” is a word few Americans understand, but people in many other countries have bitter experience with the pathology. The word means waging war on democracy by perverting the law into a weapon to against your political opponents.
Nobel prize-winning economics of climate change is misleading and dangerous – here’s why
Steve Keen, UCL While climate scientists warn that climate change could be catastrophic, economists such as 2018 Nobel prize winner William Nordhaus assert that it will be nowhere near as damaging. In a 2018 paper published after he was awarded the prize, Nordhaus claimed that 3°C of warming would reduce global GDP by just 2.1%, …
Nobel prize-winning economics of climate change is misleading and dangerous – here’s why Read More »