In the face of the pandemic, Denmark is effectively nationalizing private payrolls, in contrast to the patchwork American system. The US has the capability to bring the economy roaring back but only if we make sure that small businesses and the workforce are made As whole as possible. And this article points … Continue reading The Nordic Way to Economic Rescue – The New York Times
When all of this is behind us, to the extent that it ever can be, let’s not forget what we’ve learned: Congress knows how to spend money when it wants to. Will be helpful when it comes time to address climate change. Source: $2 Trillion Coronavirus Stimulus Nullifies “How Will You Pay … Continue reading $2 Trillion Coronavirus Stimulus Nullifies “How Will You Pay for It?” Question
The issue of “balancing the books” with taxes or via the issuance of debt is not only an afterthought — it is not even necessary. Our government holds a monopoly to “issue” the currency, it does not merely “use” it like the rest of us. An epochal shift in economic thinking that … Continue reading Coronavirus pandemic: politicians, CEOs believe in MMT, Modern Monetary Theory
Congress has all the firepower it needs. It just needs to send spending instructions to the Federal Reserve, as it always does. We can afford to keep the country whole, this article explains why. Source: Opinion | Stephanie Kelton: Just Use ‘the Computer’ to Give People More Money – The New York … Continue reading Stephanie Kelton: Just Use ‘the Computer’ to Give People More Money
Even deficit hawks like Joe Biden know that when faced with the genuine prospect of annihilation, the only adequate response is to do whatever it takes to prevent it. We’ve done it before, we can do it again. And money is no object at this point. Source: We Can Afford to Beat … Continue reading We Can Afford to Beat This Crisis | The Nation
Inexplicable problems require a whole new kind of economic thinking – and MMT is more logical than you probably think it is. “Modern monetary theory (MMT) uses iron-clad rules of accounting to … Continue reading Why you need to know about modern monetary theory
European Central Bank President Mario Draghi said the Governing Council should be open to ideas such as Modern Monetary Theory, while noting they’re closer to fiscal policy and should be directed by … Continue reading Draghi Says ECB Should Examine New Ideas Like MMT – Bloomberg
If the Democrats want to get anything done, they need to understand the government deficit like the Republicans do. Source: Democrats Brush Off Deficit Fears in Quest to Bolster Safety Net Continue reading Democrats Brush Off Deficit Fears in Quest to Bolster Safety Net
A resolution has been forwarded in the Senate to condemn Modern Monetary Theory. But if the government is now in the condemning-economic-theory business, I have some much better candidates: Monetarist, Trickle Down, … Continue reading The Senate Resolution To Condemn MMT: Here Are Some Better Candidates For Condemnation
As Democrats present ambitious policy proposals, they are frequently asked how they will be paid for. The answer, increasingly, comes from Stephanie Kelton, the public face of modern monetary theory. Another mainstream media outlet talking about MMT. Source: Can the U.S. Afford Democrats’ Bold Promises? Why One Economist Says Yes – WSJ Continue reading Can the U.S. Afford Democrats’ Bold Promises? Why One Economist Says Yes – WSJ
Maybe we can just spend our way out of a crisis. Actually we can. Source: Modern Monetary Theory explained — why Alexandria Ocasio-Cortez is a fan – Business Insider Continue reading Modern Monetary Theory – MMT: Here’s a plain-English guide to what it is and why it’s interesting | Business Insider
Good job describing Modern Monetary Theory, which, itself, describes how money works and where it comes from. Source: (174) The way politicians talk about economics is wrong – and dangerous – YouTube Continue reading The way politicians talk about economics is wrong – and dangerous
