IN 1925, Russia had been through a devastating war and a violent internal revolution. Her currency had been destroyed in a runaway price inflation, she was the world’s worst financial risk abroad … Continue reading “Where’s the Money Coming From?” by Stuart Chase, 1943
Great snippet on how the nations debt never needs to be paid off and never will be actually. Source: Former Treasury Staffer: US National Debt Never Needs To Be Paid Down Continue reading Former Treasury Staffer: US National Debt Never Needs To Be Paid Down
When applying the MMT framework to a nation such as Sri Lanka with the power to spend its own currency the budget of the nation should not be considered the same as … Continue reading Sri Lanka can become a 1st World Nation
By David L. Glotzer An Employer of Last Resort, also known as a job guarantee (JG), is exactly what it sounds like. It is a promise by the government through either private partners … Continue reading Employer Of Last Resort: A Completely American Solution To Unemployment
I’m intrigued by Modern Monetary Theory, which maintains governments can create (or ‘print’) money to fill public needs and can’t go into debt to themselves, though they should … Continue reading Can we come out now that deficit hysteria is over?
A running clock of the tally of lost economic output/income of the United States aggregately since the greed-fueled 2008 financial crisis spawned the Lesser Depression (or Great Recession). Great tool, showing the … Continue reading United States Lost Output Clock
The Eurozone was built on flawed foundations and was always destined to fail. Great book by Bill Michell. In this video he explains why the EU was always destined to fail.. and … Continue reading Eurozone Dystopia – Bill Mitchell
Neoliberalism: defining human beings by the market as if everything we do is mediated through the market, not just in the economic sphere but in every aspect of our lives. That human life is defined by competition … Continue reading Neoliberalism, Climate Change, Migration: George Monbiot conversation
Mmt: US debt is a myth Mike Norman explaining that the “US debt crisis” is a complete myth Source: MMT: US debt is a myth Continue reading US debt crisis is a myth
Michael Hudson provides an MMT perspective on why governments are avoiding deficits. It hurt’s their banking donors profitability. The aim of neoliberals is to prevent governments from spending money to revive growth … Continue reading Why Deficits Hurt Banking Profits
“Many mainstream economists seem to think the idea behind Modern Monetary Theory is new and originates from economic cranks. New? Cranks? How about reading one of the great founders of neoclassical economics – Knut Wicksell.” View More Continue reading The origins of MMT
What actually is government debt? How does it work? Should we really be frightened of it? Will I ever get out of this swamp alive? “The expression ‘national debt’ is really 100 … Continue reading Government debt, translated by a comedian
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