Republicans and Democrats should stop obsessing over using the deficit as a guide to public policy. Government deficits equal private sector surpluses. A whole slew of the world’s problems can be solved … Continue reading How We Think About the Deficit Is Mostly Wrong – NYTimes.com
The Democrats claim to be the Party that “really cares” about the deficit. This is not simply dishonest and financially illiterate, it is also a trap. It’s time for our politicians to … Continue reading Jared Bernstein & the cost of not understanding sovereign currencies
It’s a sign of just how extreme US and global wealth inequality has become that even the folks on the winning side of the class war are starting to worry about it. … Continue reading Inequality is getting so bad even Wall Street is starting to pay attention
The solution is simple. It just takes money. Source: How to save Puerto Rico Continue reading How to save Puerto Rico
Not only is this article factually wrong, we don’t own Puerto Rico’s debt, speculators do, it’s also irresponsible when millions are without power and people are dying due to a lack of … Continue reading Who owns Puerto Rico’s mountain of debt? You do
The outlets that feigned outrage over the cost of Bernie Sanders’ proposals are silent after the largest military budget increase ever. The $81B increase in the $700B military budget this year approved … Continue reading Outlets That Scolded Sanders Over Deficits Uniformly Silent on $700B Pentagon Handout
Congress is on track for an eye-popping increase in military spending. Put another way, with a $700 billion military budget, the U.S. would be spending more than three times as much as … Continue reading The Senate’s Military Spending Increase Alone Is Enough to Make Public College Free
Today’s mountains of wealth throttle the very engine of wealth creation itself. When all the wealth accumulates at the very top, the problem is that the very wealthy do not, and … Continue reading Insanely Concentrated Wealth Is Strangling Our Prosperity
For centuries, humans have championed the democratic political system. But can it facilitate the radical change needed to stop the potentially annihilating effects of climate change? It needs to because the corporate … Continue reading We need to make democracy work in the fight to save the planet
A most striking fact about the global financial crisis and its aftermath is how far from striking the policy response has been. That is a change from earlier economic history. For the … Continue reading Three radical ideas to transform the post-crisis economy – FT
A new research paper suggests that government spending in a recession doesn’t cause long-term economic harm. Everything you thought you knew about budget deficits is wrong, according to a new paper presented at … Continue reading Budget deficits can boost the economy without large costs
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?
