The guy behind “Mint the Coin” to end the debt ceiling: The trillion-dollar scheme, explained by its inventor – Vox

October 8, 2021 Underground

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 Diehl agreed it would work, and over the years, influential voices like financial journalist Joe Weisenthal and New York Times … Continue reading The guy behind “Mint the Coin” to end the debt ceiling: The trillion-dollar scheme, explained by its inventor – Vox

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The National Debt: Last Week Tonight with John Oliver (HBO)

April 7, 2021 Underground

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)

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As the progressive push for big spending grows, so does the Democratic divide on the deficit

August 19, 2018 Underground

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

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Stephanie Kelton explains how the government budget affects the economy and the mechanics of student debt forgiveness

March 10, 2018December 26, 2018 Underground

A good listen where you learn: The expected effects of the new tax policy The reason why governments issue bonds instead of just printing money Why the size of the budget deficit … Continue reading Stephanie Kelton explains how the government budget affects the economy and the mechanics of student debt forgiveness

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What if every government paid off its national debt?

January 26, 2018January 26, 2018 Underground

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 … Continue reading What if every government paid off its national debt?

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Is Washington tacitly operating under a new monetary theory?

December 27, 2017 Underground

The recently passed federal tax cut seems perilous for the United States government and economy. But even as some financial commentators have for years predicted chaos in the U.S. financial system resulting … Continue reading Is Washington tacitly operating under a new monetary theory?

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Budget deficits can boost the economy without large costs

August 28, 2017 Underground

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

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What if every government paid off its national debt?

August 6, 2017August 6, 2017 Underground

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?

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Why Democrats need to stop concern-trolling Trump about the deficit

April 28, 2017 Charles

There are so many things to bash his tax plan for — and you choose the national debt? The Democrats play right into the hands of the Republicans by worrying about the … Continue reading Why Democrats need to stop concern-trolling Trump about the deficit

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Tag: national debt

The guy behind “Mint the Coin” to end the debt ceiling: The trillion-dollar scheme, explained by its inventor – Vox

The National Debt: Last Week Tonight with John Oliver (HBO)

As the progressive push for big spending grows, so does the Democratic divide on the deficit

Stephanie Kelton explains how the government budget affects the economy and the mechanics of student debt forgiveness

What if every government paid off its national debt?

Is Washington tacitly operating under a new monetary theory?

Budget deficits can boost the economy without large costs

What if every government paid off its national debt?

Why Democrats need to stop concern-trolling Trump about the deficit