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Replacing the Budget Constraint with an Inflation Constraint
Let’s stop pretending that replacing a budget constraint with an inflation constraint is so hard.
Taxation
The Oppressive Free Lunch
If progressives would just make the effort to inform themselves how a modern, sovereign fiat currency actually functions, they’d realize “paying for it” is actually the easiest part.
What if the Public Understood How Money Works?
The truth about federal finance used to be common household knowledge, maybe it should be again.
The Price of Hunger
Inadequate access to nutrition is a problem Americans can solve. It’s time to shut down the false narratives about pay-fors that keep solutions out of reach.
Taxes Don’t Fund Federal Spending
Our federal government doesn’t need revenue. So why the chatter about how will the government get money to fund its operations?
The Pied Piper of State Based Single Payer Initiatives
Only a unified policy implemented simultaneously across all states and territories can get the job done, and only the federal government with its power to deficit spend can pull it off.
Money and Banking (Part 2 – Central bank balance sheet and immediate implications)
Part 1 reviewed basic balance-sheet mechanics. This post begins to apply them to the Federal Reserve System (Fed).
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.
Four Purposes of Federal Taxes
Beardsley Ruml wrote in 1946 that taxes for revenue are obsolete. So what ARE they for?
