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.
cooperative community

The Dilemma of the Cooperative Gene

Given the relationship between “money” and real resources, it is impossible to equitably “share” real resources, and effectively create collective goods, when money is a scarce commodity controlled by competition.

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MMT and the NEW MARKET SOCIETY

We live in a market society with little chance we shall ever live in anything else and, as such, whatever we hope to accomplish will have to be accomplished within the framework of market society norms.

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people walking across a suspension bridge at sunset

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

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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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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photo of gears, pistons and other disassembled machinery parts

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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