The Rotating Hans Grubers of the Debt Ceiling Debate
As this current installment of the debt ceiling franchise draws to an unsatisfactory close — let us vow to make this our last debt ceiling showdown.
As this current installment of the debt ceiling franchise draws to an unsatisfactory close — let us vow to make this our last debt ceiling showdown.
We need an alternative meme, one that provides a frame that is consistent with a progressive social view and isn’t mired in the gold standard.
We need a new meme for money. We need a social metaphor, a public interest alternative to the private maximization calculus.
The attacks on MMT are taking a comical turn. Don’t miss this rebuttal complete with an AMAZING list of reference links.
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.
The “fiscally responsible” solution is probably not what you think it is.
It’s a simple solution, and not scary at all – unless you are one of the people behind the curtain trying to maintain the economic lies keeping you in power.
Understanding how federal finance works makes for better predictions and sensible policy.