A nation like the U.S. with a sovereign currency that borrows in that currency and allows that currency to “float” is nothing like a household when it comes to budget.
Honest economists can be a great help to the world, unfortunately the orthodoxy is more concerned with defending their lofty station than finding solutions.
Calvinball is a mythical game without rules. Academic debates shouldn’t be a game of Calvinball.
The orthodox economic attack on MMT should be a ‘slam dunk’ – if orthodox economists were correct about MMT.
MMT is “obviously true” – the orthodoxy’s goal is to keep that truth from the public.
The truth about federal finance used to be common household knowledge, maybe it should be again.
Austerity is Neoliberals answer to almost all economic problems
Stop and consider how devastating these observations are for neo-classical dogmas about market choice, private market discipline, and efficient markets.
“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.