Do Bond Sales & Borrowing Finance US Deficit Spending?
Professor L. Randall Wray responds to this question and debunks the misunderstandings and fallacies surrounding it.
Economic Justice
Is Capitalism Eternal?
Change isn’t limited to activists; it happens when people read and show up when needed. Anyone can make a difference in their community, and that small change might be the catalyst for something bigger.
Obamacare and the Science of Prolonged Decay
The failure of a health care “reform” fostered within the blight of the capitalist model reveals how incrementalism cannot solve the most formidable ecological and social crises of our day.
The Scam of Pragmatism: An Origin Story of ‘Just the Way It Is’
The past never truly stays where it belongs. Even when the truth is carefully scrubbed from our understanding of history, its spores disperse through time to seep into the firmament like a persistent black mold poisoning the air we breathe.
Student Debt: Derailing Lives
Student debt is an intentionally onerous burden. There are reasons we can’t get out from under it.
Blood Money: Student Debt Then And Now
While today’s college lending system may not begin with death… in the United States, the high cost of a college education can have deadly consequences.
16 Reasons Matt Yglesias is Wrong about the Job Guarantee vs. Basic Income
Yes, sending a check to people is not as “messy,” but let’s stop pretending that it’s a panacea for the fundamental problem of economic insecurity.
The Rotating Hans Grubers of the Debt Ceiling Debate
As this current installment of the debt ceiling franchise draws to an unsatisfactory close — let us vow to make this our last debt ceiling showdown.
Countering the Debt Ceiling Madness
If you’ve been watching the news, you’ll have noticed that the narrative of the moment is the debt ceiling.
SVB: It’s a Wonderful Lie
So, who is responsible for this fiasco? Or for the last one? Or the next? Any reasonable person can see that the present system is untenable.
