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…
Deficit
CBO—Still Out of Paradigm after All These Years
Gold-standard thinking is inapplicable to a sovereign, currency-issuing government operating under flexible exchange rates.
Playing Monopolis Monopoly: An inquiry into why we are making ourselves so miserable
Why does it seem like there isn’t enough money to pay for the things we really need? Is it really true? Are we really too poor to put America back to work making and building the things we need to maintain a prosperous nation?
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. From the mainstream media to the independent, media outlets are discussing the debt ceiling using the exact same status quo narrative of “federal taxes fund federal spending”. Federal taxes do not fund federal spending. Congressional appropriations …
Where Does A Bullet Go?
We need to slash our obscenely large and lethal military, but cutting military spending means less money entering our communities.
Fact-checking Biden’s Inflation Remarks
On October 21st, 2022, President Biden made an address regarding his administration’s historic deficit reduction. Let’s break it down.
What Should Brazilian Economists and Policy Makers have Learned from the Crisis?
By now (2012), economists should know better than to rely on private borrowing alone to keep economies from underperforming.
When Will America Declare War on Climate-Change?
A declaration of war is a legal framework that sets in motion a process of “mobilization” in which the national government directs real resources—labor, engineering expertise, technology, material—toward the goal of defeating an enemy threat.