A Primer on Government Surpluses
It is difficult to believe that our economy can continue to grow robustly as the government sucks disposable income and wealth from the private sector by running surpluses.
Deficit
Our Fiscal Anorexia
“By what process, I wondered, have we convinced ourselves that we do not have enough U.S. Dollars to pay ourselves to create the goods and services we need to prosper as a society?”
Neoliberalism Kills (Part 2)
Its influence is felt even in liberal or progressive organizations, and among progressive commentators and writers, who all share ideas like fiscal policy discipline and tax reform.
Explaining Why Federal Deficits Are Needed
The great power of MMT is its lesson that the federal government can create new dollars by running deficits to do things that should be done.
Government Debt and Deficits Are Not the Problem. Private Debt Is.
The “fiscally responsible” solution is probably not what you think it is.
Democrats Need to Give Up Being Deficit Hawks Even When it Feels Good Politically
A nation like the U.S. with a sovereign currency that borrows in that currency and allows that currency to “float” is nothing like a household when it comes to budget.
The Greatest Myth Propagated About The FED: Central Bank Independence (Part 3)
There never has been the kind of independence supposed by orthodox economists.
The Greatest Myth Propagated About The FED: Central Bank Independence (Part 2)
In this blog we look at the myth of Fed independence from its creator, the Congress and from the Treasury.
The Greatest Myth Propagated About The FED: Central Bank Independence (Part 1)
It has been commonplace to speak of central bank independence—as if it were both a reality and a necessity…