It is right and just and fair to ask if the government can afford wars, social support programs, border walls, and so on. It is wrong, however, to think of that in terms of money. That’s not the problem. Resources are. Source: But Can The Government Afford It? Continue reading But Can The Government Afford It? | Forbes
Modern monetary theory is just a different way to fight over what those priorities should be. Modern Monetary Theory in the Financial Times. Source: America has never worried about financing its priorities … Continue reading America has never worried about financing its priorities | FT
Those who ask ‘how will we pay for’ a Green New Deal need to learn public finance. Ditto those fearing inflation. We’ll pay for the GND as we do everything else, and … Continue reading The Green New Deal: How We Will Pay for It Isn’t ‘a Thing’ – and Inflation Isn’t Either | Forbes
So much ink has been spilled for so long on the national debt, it might be nice if that $22 trillion plus on the red side of the US balance sheet just … Continue reading Debt? What debt? The new wave in Democratic thinking – CNNPolitics
Just what would a “Green New Deal” entail, exactly? IT’S THE SPRING of 2043, and Gina is graduating college with the rest of her class. She had a relatively stable childhood. Her … Continue reading With a Green New Deal, Here’s What the World Could Look Like for the Next Generation
The assumption that raising productivity is the key to higher GDP looks like it needs a rethink. During the 2016 presidential primary campaign, some supporters of Bernie Sanders argued that their candidate’s spending proposals … Continue reading Maybe We Have the Economic-Growth Equation Backward | Bloomberg
Here’s the good news: Anything that is technically feasible is financially affordable. And it won’t be a drag on the economy ― unlike the climate crisis itself, which will cause tens of … Continue reading We Can Pay For A Green New Deal
The U.S. could follow Sweden’s example to solve its problems with the welfare state, former Federal Reserve Chairman Alan Greenspan said. Greenspan, who argues in his latest book that the growth of spending … Continue reading Alan Greenspan Says Look to Sweden to Solve U.S. Entitlement Problem
Alexandria Ocasio-Cortez’s proposals break with the rest of the Democratic party on climate change. The rest of the Democratic Party needs to wake up or they will lose the young vote and … Continue reading Alexandria Ocasio-Cortez’s “Green New Deal” could make the US a climate change leader
According to newly published research, mining cryptocurrency takes nearly twice as much energy than mining gold, platinum, and copper, on average. And all of this waste is simply because the creators of bitcoin did not understand how money works, thinking it should be based on some commodity, like gold! You mine bitcoin … Continue reading It takes three times more energy to mine Bitcoin than gold
A simple explanation of how money actually works and what that means for society as a whole. Continue reading What is Modern Monetary Theory by Stephanie Kelton
