IT might make you feel better but tomorrow if the US Federal Government, or Australia or the UK repaid the entirety of its national debt, it would make not one dollar’s difference to your bank account. In fact the economy would tank. “If America repaid all its national debt tomorrow, we very … Continue reading What if every government paid off its national debt?
Risks from weaker growth, likely recession, higher interest rates and inflation A country that is the sole issuer of its own currency can never have it’s central bank fail. Applying stress tests to sovereign state with central bank is nonsense https://t.co/MfDKgWcv6u — Daniela Gabor (@DanielaGabor) July 14, 2017 Source: Public finances fail … Continue reading Public finances fail stress tests set for banks, says watchdog
A federal job guarantee would reinvigorate American infrastructure and ensure that no workers go home in poverty. Interesting read and it appears that we already have a mandate to provide such a … Continue reading Forget Higher Minimum Wage—Here’s a Better Way to Help American Workers
Pavlina Tcherneva, Bard College associate professor, explains why she believes basic income is a bad idea. She speaks with Bloomberg’s Joe Weisenthal on “What’d You Miss?” Pavlina is correct.. Basic Income is … Continue reading The Argument Against Basic Income – Bloomberg
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
The economy is held back by persistent illusions – such as the idea Britain spends a lot on welfare Great article as it shows some of the illusions we all have about … Continue reading The myths about money that voters should reject
The debt ceiling is crashing down on federal finances as taxpayers wait to see whether President Trump can deliver the tax cuts he promised. This article is a complete failure of reporting. … Continue reading Debt ceiling crisis looms as Americans put off paying taxes – The Washington Post
In stark contrast to President Trump’s “America First” mantra, the “One Belt, One Road” plan aims to remake global commerce in China’s image. Because China understands how money works and all the other … Continue reading Behind China’s $1 Trillion Plan to Shake Up the Economic Order
Popular political rhetoric says the national debt will overburden future generations. But the fixation on a big deficit drove up Obamacare costs for consumers and fostered unnecessary austerity measures that don’t evenly … Continue reading It’s Time Everyone Change Their Stories About the Deficit
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
You must be logged in to post a comment.