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.
Here, I see not only the irony, but the dishonesty, gaslighting behavior, and outright immorality in the Republican blueprint for paying off their donors while planning to scream “fiscal irresponsibility” at progressive policies which would provide for deficit spending for public purpose rather than for the benefit of donors.
With the new OCF language, candidates and office holders can give an answer to “How are you gonna pay for it?”
While our attention is on the chaos and consequences of debt ceiling crises, is a good time to consider how we might eliminate them entirely. Here’s a rundown on the four most important methods one can use.
How should she cope with that situation, which she is sure to hit soon if she hasn’t already gotten there? Well, here is where MMT can help her and other progressive candidates.
So stop wasting time and lives by arguing that the statement is not true!
So, as progressives, we need to recognize that we ought not be sidetracked by distractions or false causal theories about our ills being primarily due to our economy being based on “private bank debt money” rather than “public bank-sovereign money.” In both cases, it’s the high-powered public money created by the Federal Reserve System that is at the foundation of the economy.