They complain America is running out of money only when it comes to helping the poor. Its interesting how there is not enough money to help people but when it comes to fighting wars, there is never a peep about affordability. Source: Why don’t deficit hawks care about the cost of military adventurism? – … Continue reading Why don’t deficit hawks care about the cost of military adventurism?
Pavlina Tcherneva, Bard College associate professor, explains why she believes basic income is a bad idea. She speaks with Bloomberg’s Joe Weisenthal on “What’d You Miss?” Pavlina is correct.. Basic Income is … Continue reading The Argument Against Basic Income – Bloomberg
Well, it just so happens, that it can order the Federal Reserve to do that. It’s just that not everyone knows that it can. And among those that know, there are many … Continue reading What if the US Treasury Could Order the Federal Reserve to Increase the Balance in Its Spending Account Whenever it Needed to and Everyone Knew that It Could?
Source: Real Media on Twitter I think this paper I published in 2000 pairs well with what @AnnPettifor is explaing here. https://t.co/Q4Pzt3LaKn https://t.co/SDuiZblvlh — Stephanie Kelton (@StephanieKelton) June 1, 2017 Link to … Continue reading The “Money Tree” – where money actually comes from
The economy is held back by persistent illusions – such as the idea Britain spends a lot on welfare Great article as it shows some of the illusions we all have about … Continue reading The myths about money that voters should reject
The debt ceiling is crashing down on federal finances as taxpayers wait to see whether President Trump can deliver the tax cuts he promised. This article is a complete failure of reporting. … Continue reading Debt ceiling crisis looms as Americans put off paying taxes – The Washington Post
At the same time, it’s hard not to sympathize with Trump’s team when they rage against accepting anemic economic growth as “the new normal.” We actually did achieve 3 percent growth for … Continue reading How to make growth great again
In stark contrast to President Trump’s “America First” mantra, the “One Belt, One Road” plan aims to remake global commerce in China’s image. Because China understands how money works and all the other … Continue reading Behind China’s $1 Trillion Plan to Shake Up the Economic Order
Wonder why repealing the Glass-Steagall act was a bad thing? Just look at the chart below! Talk about bank consolidation and the concept of “too big to fail!” Great graphic from @BetterMarkets. … Continue reading Why repealing the Glass-Steagall act was bad
Popular political rhetoric says the national debt will overburden future generations. But the fixation on a big deficit drove up Obamacare costs for consumers and fostered unnecessary austerity measures that don’t evenly … Continue reading It’s Time Everyone Change Their Stories About the Deficit
Our Washington correspondent gives two reasons: No. 1, borrowing can be a costly way to raise money and 2, the U.S. must constantly repay its debts. Almost everything about this article is … Continue reading ‘Why Should We Worry About the National Debt?’
Republicans are not the only ones who push deficit myths. The Democrats have their own. Until both parties figure exactly what deficits are they will keep getting it all wrong on everything related … Continue reading The Democrats’ Myth on Deficits
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