MMP Blog #24: What if Foreigners Hold Government Bonds?
When government deficit spends, some of the claims on government will end up in the hands of foreigners. Does this matter? Yes, according to many.
National Debt
An Alternative Meme For Money, Part 7: Framing Deficits
A government deficit will result if the nongovernment sector has a surplus—a perfectly sustainable balance.
Neoliberalism Kills (Part 2)
Its influence is felt even in liberal or progressive organizations, and among progressive commentators and writers, who all share ideas like fiscal policy discipline and tax reform.
The Myth of Debt
From the latest cuts to the economic forecasts to the Italian elections to the gathering debate about how George Osborne should play this year’s Budget, all discussions about the financial system now lead swiftly back to the world’s sovereign debt problem.
Government Debt and Deficits Are Not the Problem. Private Debt Is.
The “fiscally responsible” solution is probably not what you think it is.
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…
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 …