We’ve forgotten that money doesn’t grow on rich people. We make our own money via the institution of government and it’s time we remembered how to use it properly. Great article which … Continue reading Money Doesn’t Grow on Rich People
MMT essentially proposes that money is created ex nihilo or out of nothing. Whether it is private banks, central banks or governments, money is an abstract concept of ones and zeros. Thus, … Continue reading Actually the magic money tree does exist, according to modern monetary theory
Very interesting. Important because this strategy is a ‘plan b” strategy, meaning it will work. Because it will work it can be used as an effective strategy to force the EU to … Continue reading How Could Euro Nations Start A New Currency? – Warren Mosler
The national debt is not what we currently owe but what we currently own Put simply, the commercial bank circuit serves private needs while the government circuit serves collective needs. The bank … Continue reading Is world-leading NHS healthcare an affordable proposition?
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
