If 2020 hasn’t taught you how to spell bourgeois/bourgeoisie on the first try due to sheer repetition, you should really try it out. You’ll probably discover that it’s a very useful word when describing basically everything wrong with America.
In this piece, we study the interaction between the government and nongovernment sectors while retaining the consolidation hypothesis.
MMT is frequently criticized for consolidating the treasury and the central bank. In this post, we will address these issues by tackling problems surrounding the nature of money and the role of taxes, and by beginning to deal with the consolidation argument.
This is Part 1 of a six part series in which we deal with critics of MMT. As readers of this blog know, our critics continually raise the same old tired critiques of MMT.
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.
“All federal taxes must meet the test of public policy and practical effect. The public purpose which is served should never be obscured in a tax program under the mask of raising revenue.”
It is likely that not just one but several of the competing COVID-19 vaccines will be shown to be safe and effective by the end of 2020.
We have a big problem with the way the media reports on the national debt. It’s unclear if they don’t understand how federal debt works, if they intentionally write about it in the scariest way possible, or some combination of the two. Let’s start with a passage recently published by NPR: I don’t doubt the …
This article was written by Emma Caterine and originally posted on LPE Project blog on 9/08/2020. This post is part of our symposium on Stephanie Kelton’s The Deficit Myth. You can find the full symposium here. Into the dual fiscal crises of COVID-19 and campaigns to Defund the Police comes Stephanie Kelton’s long-awaited book “The Deficit Myth: Modern Monetary Theory and …