No Justice, No Peace
Why do politicians and the elite peddle “sticker shock” at social programs ““ like a New Deal ““ yet not the same “sticker shock” at our bloated military costs?
Why do politicians and the elite peddle “sticker shock” at social programs ““ like a New Deal ““ yet not the same “sticker shock” at our bloated military costs?
Economics is the study of how societies allocate limited resources (such as land, water, human labor, or machinery) among the wants of those societies, recognizing that wants are seemingly unlimited.
The only constraint on spending by the US federal government is resources. Or, as Dr. Stephanie (Bell) Kelton puts it, the federal government can buy every American a pony, if we breed enough ponies.
MMT is now being criticized by economic pundits, particularly from conservative think tanks. This commentary is a rebuttal to one such article.
This analysis of the pathophysiology of the taxation system informs the four taxation proposals presented here, which are crafted on the observed mechanics of the US monetary system as described in MMT.
This MMT tutorial provides short answers to several questions.
People often dismiss economic conversations assuming they understand the basics. The government collects taxes, spends that money and then some, causing deficits. Then, the Government borrows money to cover the deficit…
It’s just a way to give the establishment the tool it needs to stop progress.
Given the pressing needs America and the world now face, which profit-making enterprise has no interest in addressing, the time for Stage 5 money is at hand. We have it in our grasp. The question is: when we will see what it is and how to use it?