Economic Justice

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.

icon of the Federal Reserve

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 …

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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 …

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The back of a dollar bill

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 …

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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%, …

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