J.D. ALT

J.D. ALT

J.D. ALT is an architect who has spent much of his career researching, inventing, and visualizing things that he hoped might improve the quality-of-life and prosperity of collective society. Gradually, he came to two realizations: first, the kinds of things he was envisioning (free-to-ride downtown people-movers and affordable housing strategies) would never be undertaken by a profit-oriented corporate business model and, second, the only other possible financier--the federal government--was "broke" and hopelessly in debt. Alarmed and discouraged by these realizations, he stopped thinking about new things to build and started investigating how--and why--it could possibly be true that collective society was, "for lack of money," so helplessly unable to build things it both needed and could dramatically benefit from. This investigation led him to a group of economists, loosely organized around the University of Missouri Kansas City, who were trying to explain to other economists (and the world in general) a counter-intuitive explanation of how money actually "works" in a modern society. This explanation, he suddenly realized, made everything he had been visualizing and designing possible. The challenge was to get the rest of the world to see it as well.
people walking across a suspension bridge at sunset
Economic Justice

Paying for Populism

True democracy is populism—is it not? It has always struck me as odd that “populism” is used to describe a fringe politics, motivated by grievances

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Glider flying under sunset clouds
Economic Justice

The Aerodynamics of Chartalism

Critics of MMT often say, “but it’s only ‘chartalism’”—as if chartalism, itself, were a discredited explanation of reality that inherently discredits Modern Money Theory.

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Economic Justice

Shooting Down Deficit Hawks

Deficit hawks, like dive-bombing kamikazes, are out now again, circling the battleship of our collective efforts to save ourselves. What can we do?

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Economic Justice

Rethinking Fiat Money

This may sound like the plot for a Dickensian novel but, in fact, it is a precise description of what I think of as rethinking the reality of modern fiat money—a rethinking that enables collective society to achieve the full potential of its profit-making and not-profit making endeavors.

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Economic Justice

Functional Fiscalism

What I am going to imagine here is an argument that a progressive politician (for example, someone associated with a new Biden administration) could make

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peiople looking at a computer
Economic Justice

The Millennials’ Money

Modern fiat money, once it becomes a “visible reality” for more and more people, can’t help but become a force for positive change in our political discourse and collective future.

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