How Banks Create Money When They Lend
It is up to academics and informed lay-people alike to alter the understanding of banking in the public consciousness.
It is up to academics and informed lay-people alike to alter the understanding of banking in the public consciousness.
If we hope to build an America that works in the interests of the working class, then we must transcend the partisan culture war and come together around working class issues.
Let’s be clear— this isn’t about voting. This is about building a revolution— an international solidarity movement big enough to take on and replace global capitalism.
The Biden administration is patting itself on the back, but the rank and file union workers have yet to agree to the deal, which does not meet their demands.
In our next book, Chokepoint Capitalism, Rebecca Giblin and I set out to shatter the false binary that creative workers can only choose between rooting for Big Tech or Big Content, as if one flavor of monopolist will be better for us than the other.
The inflation hawks have a point: inflation is genuinely destabilizing. But where the inflation hawks go wrong is in blaming “money printing” for inflation.
Politicians and media pundits like to use the term democracy, but that is just a veil to hide the actual workings of the capitalist system. Pull back the veil and what we have is a dictatorship of the bourgeoisie.
Abstractions are invented and agreed upon by us but often become runaway Frankenstein’s monsters when we forget that we made them up.
The primary reason for imposing a tax at the federal level is to create a demand for the currency that the federal government can create at will.