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
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)
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
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
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?
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?
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?
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