Tag: money
What is Modern Monetary Theory by Stephanie Kelton
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
Modern Monetary Theory Grapples With People Actually Paying Attention to It
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
Stephanie Kelton Wants You to Rethink the Deficit – Barron’s
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
Nancy Pelosi Promises That Democrats Will Handcuff the Democratic Agenda If They Retake the House
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
Ten years after the financial crash, the timid left should be full of regrets
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
As the progressive push for big spending grows, so does the Democratic divide on the deficit
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
What are taxes actually for? – Claire Connelly
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
Academic economics is in need of radical reform
James Galbraith says academic economics is in need of radical reform. The University of Texas economist outlines how the profession has become “self-dealing”—creating a tribal and restrictive hierarchy through journals and university … Continue reading Academic economics is in need of radical reform
Fiscal hawks’ tales of doom do not fly with the young
Americans, particularly young Americans, are starting to question the assumptions that underlie some policymakers’ categorical opposition to federal government borrowing. For those hawks who make politically motivated forecasts of doom for the US’s fiscal health, it may be their own credibility that ends up paying a price. Because the threat of doom … Continue reading Fiscal hawks’ tales of doom do not fly with the young
Twitter investor says US government is bad at managing its finances | FT Alphaville
Are finance types really going to make us fight this battle for the rest of our careers? The government doesn’t operate like a household. When will people learn? Source: Twitter investor says … Continue reading Twitter investor says US government is bad at managing its finances | FT Alphaville
Stephanie Kelton Has The Biggest Idea In Washington
Once an outsider, her radical economic thinking won over Wall Street. Now she’s changing the Democratic Party. Kelton’s core idea is that the government can’t run out of money or go bankrupt, … Continue reading Stephanie Kelton Has The Biggest Idea In Washington