The true, Terry Pratchett-esque origins of the trillion-dollar coin - Cory Doctorow

The true, Terry Pratchett-esque origins of the trillion-dollar coin – Cory Doctorow

The debt ceiling debate is genuinely absurd: Congress authorized the spending of new dollars, so the Treasury has to create them. For Congress to turn around and force the Treasury not to create the dollars it ordered the Treasury to create is an obvious political gimmick. Hence the trillion dollar coin… Now … Continue reading The true, Terry Pratchett-esque origins of the trillion-dollar coin – Cory Doctorow

The guy behind “Mint the Coin” to end the debt ceiling: The trillion-dollar scheme, explained by its inventor – Vox

Instead of issuing new debt and running afoul of the debt ceiling, the Treasury secretary could simply fund the government by minting platinum coins. In 2013, even former US Mint Director Philip … Continue reading The guy behind “Mint the Coin” to end the debt ceiling: The trillion-dollar scheme, explained by its inventor – Vox

Price rises should be short-lived – so let’s not resurrect inflation as a bogeyman | William Mitchell

Price rises should be short-lived – so let’s not resurrect inflation as a bogeyman | William Mitchell

Until full employment is reached, governments need not cut back on public spending, says William Mitchell, co-founder of modern monetary theory We’ve just been through the worst pandemic in modern history so there are a few supply issues, but we are not experiencing inflation caused by Biden giving out some stimulus checks. … Continue reading Price rises should be short-lived – so let’s not resurrect inflation as a bogeyman | William Mitchell

Modern Monetary Theory for Conservatives | The American Conservative

Modern Monetary Theory for Conservatives | The American Conservative

Re-thinking the conservative approach to government spending. Once conservatives understand how money works they can start to see the benefits of government fiscal spending as well! In fact, one wonders if many conservatives already understand how it all works when they didn’t appear to care about government deficits as of recent. There … Continue reading Modern Monetary Theory for Conservatives | The American Conservative

This Year’s Underground Sensation: Modern Monetary Theory | The New Republic

This Year’s Underground Sensation: Modern Monetary Theory | The New Republic

The economic ideas that once fueled deficit mythbusters and provided hope for a pandemic recovery have spawned a vibrant political subculture. Once people understand where money comes from then they’ll realize that we can start addressing things like climate change and student loans without causing any further hardship. Source: This Year’s Underground … Continue reading This Year’s Underground Sensation: Modern Monetary Theory | The New Republic