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
A relatively small number of fossil fuel producers and their investors could hold the key to tackling climate change Article is from last year, but in light of the most recent climate change report, perhaps a solution to addressing the problem is to first figure out how to work with these companies.. … Continue reading Just 100 companies responsible for 71% of global emissions, study says
This stark contrast between Republicans and Democrats was front-and-center at the second annual Modern Monetary Theory conference. People are starting to learn exactly how money works, and it’s about time, because the … Continue reading Modern Monetary Theory Grapples With People Actually Paying Attention to It
Economics professor and Bernie Sanders advisor Stephanie Kelton has helped develop a school of economic thought known as modern monetary theory. It simply shows how the economy works and where money comes … Continue reading Stephanie Kelton Wants You to Rethink the Deficit – Barron’s
House Democrats promise to handcuff their own agenda. …by resurrecting the “pay-go” rule that mandates all new spending is offset with budget cuts or tax increases. Along the way, she is playing … Continue reading Nancy Pelosi Promises That Democrats Will Handcuff the Democratic Agenda If They Retake the House
Capitalism’s near-death experience was a golden opportunity for progressives. But they blew it, says the Guardian’s economics editor Larry Elliott Yep. Maybe the young will finally stand up and fight the status … Continue reading Ten years after the financial crash, the timid left should be full of regrets
The growing split between progressives and party leaders on deficit spending could define the party’s future. Once people figure out exactly how money works – that when the government spends more than … Continue reading As the progressive push for big spending grows, so does the Democratic divide on the deficit
We need to talk about taxation. I do not think it means what you think it means. In countries whose governments issue their own currencies, taxes do not pay for federal services. Governments like those of the US, UK, China, Australia, Canada, etc run spend & tax economies, not tax and spend. … Continue reading What are taxes actually for? – Claire Connelly
“Throw people in jail, fine them, do whatever you need to do. But make sure you get the biophysical outcome. From what I’ve seen, market mechanisms don’t always deliver that.” Hey governments … Continue reading “Hothouse Earth” Co-Author: The Problem Is Neoliberal Economics
Tune in tomorrow for my conversation with @FareedZakaria on the federal #JobGuarantee, #MMT and more. https://t.co/Fq4ozDwZLw — Stephanie Kelton (@StephanieKelton) August 4, 2018 Bernie Sanders’ economic adviser Stephanie Kelton tells Fareed why … Continue reading Should U.S. government guarantee jobs to all? – CNN
Americans can’t afford not to have Medicare For All. Proposed funding sources for M4A include a 4% income tax, which means a family of four earning $75,000 per year would pay an additional $2,000 in taxes after taking a standard deduction. But that family would no longer pay an invisible tax of … Continue reading The Kochs helped fund an attack on ‘Medicare for All.’ It still concluded the plan would save us trillions
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