Wealthy bankers and businessmen plotted to overthrow FDR. A retired general foiled it.

Wealthy bankers and businessmen plotted to overthrow FDR. A retired general foiled it.

Some of the country’s wealthiest men – furious with President Franklin D. Roosevelt – decided to install a dictator who was more business friendly, according to the congressional testimony of a highly decorated Marine Corps general who was enlisted to participate in the 1933 coup. Amazing what lengths wealthy bankers will go … Continue reading Wealthy bankers and businessmen plotted to overthrow FDR. A retired general foiled it.

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

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

Latest IMF data helps us see how political choices impact on health and economic outcomes

Latest IMF data helps us see how political choices impact on health and economic outcomes

The IMF recently updated their – World Economic Outlook database – April 2021 – which allows for quick cross country comparisons. It shows that the: Eurozone has categorically failed & Austerity is a political choice and it doesn’t work. Meanwhile, China’s GDP growth per capita over the same period is over 100%, … Continue reading Latest IMF data helps us see how political choices impact on health and economic outcomes