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.
Taxation
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.
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?
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.”
The ABC Act, Platinum Coins, & Seigniorage
The Automatic BOOST to Communities (ABC) Act, introduced by Congresswoman Rashida Tlaib with the support of Congresswoman Jayapal as well as economist and lawyer, Professor Rohan Grey, is how … Read more
