The national debt is not what we currently owe but what we currently own Put simply, the commercial bank circuit serves private needs while the government circuit serves collective needs. The bank … Continue reading Is world-leading NHS healthcare an affordable proposition?
Well, it just so happens, that it can order the Federal Reserve to do that. It’s just that not everyone knows that it can. And among those that know, there are many … Continue reading What if the US Treasury Could Order the Federal Reserve to Increase the Balance in Its Spending Account Whenever it Needed to and Everyone Knew that It Could?
Source: Real Media on Twitter I think this paper I published in 2000 pairs well with what @AnnPettifor is explaing here. https://t.co/Q4Pzt3LaKn https://t.co/SDuiZblvlh — Stephanie Kelton (@StephanieKelton) June 1, 2017 Link to … Continue reading The “Money Tree” – where money actually comes from
Republicans are not the only ones who push deficit myths. The Democrats have their own. Until both parties figure exactly what deficits are they will keep getting it all wrong on everything related … Continue reading The Democrats’ Myth on Deficits
MMT is less prescriptive: It describes the way that money works in a way that an 8-year-old can grasp more readily than a PhD, which in itself is unnerving. “The contribution of … Continue reading The Rock-Star Appeal of Modern Monetary Theory | The Nation
IN 1925, Russia had been through a devastating war and a violent internal revolution. Her currency had been destroyed in a runaway price inflation, she was the world’s worst financial risk abroad … Continue reading “Where’s the Money Coming From?” by Stuart Chase, 1943
Neoliberalism: defining human beings by the market as if everything we do is mediated through the market, not just in the economic sphere but in every aspect of our lives. That human life is defined by competition … Continue reading Neoliberalism, Climate Change, Migration: George Monbiot conversation
To a lot of people the term “free trade” is a word used by economists and other academics in their abstract theories and arguments that are only loosely related to the issues … Continue reading Land of the Free (Trade)?
Switzerland’s unconditional basic income initiative proposes $30,000-a-year payout for everyone This is an idea to counteract the massive disparity between the wealthy and the poor. Providing a minimum amount of money for people … Continue reading One of the World’s Most Expensive Countries Is Debating Giving Away Money
The case against balancing the budget “If the government is able to reach a surplus, that means it’s draining funds out of the economy,” Tymogine explained. “It’s taxing away more money from … Continue reading Hillary Clinton loves to trumpet Bill’s budget surplus. She shouldn’t.
That's where classic economics is wrong. Loanable funds theory has been proven wrong. https://t.co/wf7bU1ltGN https://t.co/YLZRHaIZk7 — Nathan Becker (@netbacker) May 8, 2016 Source: Nathan Becker on Twitter: “That’s where classic economics is wrong. Loanable funds theory has been proven wrong.” Continue reading That’s where classic economics is wrong. Loanable funds theory has been proven wrong
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