In the end, it is not the rage of our critics that we have to concern ourselves with. It is the silence of our friends that allow this anti-intellectualism to destroy people who have fought round the clock to bring these truths to life.
We live in a market society with little chance we shall ever live in anything else and, as such, whatever we hope to accomplish will have to be accomplished within the framework of market society norms.
We may think of lumber as being a renewable resource, but it’s not nearly as responsive to spikes in demand as we’d really like it to be.
Considering the dearth of healthcare in America, we need to demand Medicare for All.
The US-economist Warren Mosler belongs to the protagonists of the Modern Monetary Theory (MMT). What MMT means? In the following exclusive interview he gives an answer to this as well as to the Fed’s quantative easing, how money comes actually into existence, and the crisis of the euro.
Critics of MMT often say, “but it’s only ‘chartalism’”—as if chartalism, itself, were a discredited explanation of reality that inherently discredits Modern Money Theory.
Instead, we should look to stabilize our national economy with a Federal Jobs Guarantee instead of using a program unique to just one state.
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.
With clean energy tech evolving rapidly, the strangling grip of the fossil fuel industry on our economy never more obvious, and the ominous shadow of climate change bearing down on humanity, the time is prime for radical change.