“Debt” Ceilings for Dummies
Beautifully simple are a sovereign nation’s sectoral balances. They readily demonstrate that the government’s negative is the public’s positive, and vice versa.
Federal Reserve
How Banks Create Money When They Lend
It is up to academics and informed lay-people alike to alter the understanding of banking in the public consciousness.
Back to [MMT] Basics
From the definition of a dollar as a unit of measure all the way to what The Fed is and how public policy can be informed – Grumbine runs the gamut on MMT basics.
Let’s Play the Pay For Game
Admit that taxes don’t “pay for” anything and that all government spending is paid for in one way and one way only—the Federal Reserve credits the appropriate bank accounts.
Bernanke’s 29 Trillion Dollar Fog of Deceit
It is certain that no government anywhere, ever, has committed so much to benefit so few.
MMT 101: A Reply to Critics Part 1
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.
Taxes for Revenue are Obsolete
“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.”
An MMT Tutorial That Covers The Basics
This MMT tutorial provides short answers to several questions.
End the FEDish: Redirecting Our Anger and Efforts to Save the World
Not “believing in” the insights coming from the MMT lens is denying the institutional reality of how money is created and operationalized.
The Operational Reason Why Federal Taxes are Not Revenue for the Federal Government
Since this is a major topic of interest for laypersons, I’m going to explain operationally why your dollars paid in federal taxes are not spent by the federal government on anything.
