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
The U.S. national debt is now bigger than its economy. That might sound scary, but we’ll explain how the United States can never go broke and can actually pay all of its … Continue reading Why The U.S. Can’t Go Broke – Stephanie Kelton
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
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
John Oliver finally does MMT! Source: The National Debt: Last Week Tonight with John Oliver (HBO) – YouTube Continue reading The National Debt: Last Week Tonight with John Oliver (HBO)
“We are never so certain of our knowledge as when we’re dead wrong.” —Guy Davenport in the essay “Pergolesi’s Dog from Every Force Evolves a Form” Well written article about money. Source: Politicians are never so sure as when they’re wrong | Lexington Herald Leader Continue reading Politicians are never so sure as when they’re wrong | Lexington Herald Leader
The pandemic has shown the limits of the market … a book that takes its cue from the Apollo 11 mission is full of vital ideas for progressives who want to change … Continue reading Mission Economy by Mariana Mazzucato review – the return of the state | The Guardian
The commitments mark a victory for lawmakers and advocates who want the Biden administration to enlist Treasury’s sweeping influence to address the dangers that climate change poses to the economy. Climate change can be addressed and actually benefit the economy as a whole if it’s handled properly. Perhaps Yellen is starting to … Continue reading Yellen vows to set up Treasury team to focus on climate, in victory for advocates
Meet the mayors pushing for guaranteed income in 30 cities across the country One-off stimulus checks don’t cut it while forcing the population to lock themselves indoors. The United States can afford to do so much more, and EVERYONE, including the rich, benefit as a result. Source: The mayors piloting guaranteed income … Continue reading The mayors piloting guaranteed income programs across the U.S.
The economic ideas that once fueled deficit mythbusters and provided hope for a pandemic recovery have spawned a vibrant political subculture. Once people understand where money comes from then they’ll realize that we can start addressing things like climate change and student loans without causing any further hardship. Source: This Year’s Underground … Continue reading This Year’s Underground Sensation: Modern Monetary Theory | The New Republic
Budget shortfalls threaten additional job cuts, gutted social programs, and can cripple states’ abilities to conduct coronavirus vaccination programs. The time for government to do something is now. Check out how other countries are handling the pandemic: Wages subsidized by the government during pandemic: 🇨🇦 – $2,000 a month 🇯🇵 – Up … Continue reading State and local government stimulus needed to avoid long-term drag
By all means step in to feed children or raise money for the NHS, but never forget that the Tories’ aim is to shrink the state, says the Guardian columnist Nesrine Malik Becoming like the United States, in other words. Source: Britain is becoming a GoFundMe nation, with the public doing the … Continue reading Britain is becoming a GoFundMe nation, with the public doing the government’s job
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