Tag Archives: MMT

This is why we can’t have nice things

Posted on September 24, 2021 by camelotkidd

The New York Times, with its insufferable class and elite bias, recently pondered economic policy–“How House Dems Plan to Raise $2.9 T” Gee, I wonder how they will get the money? Maybe they can find some spare change under the … Continue reading →

Posted in neoliberalism, propaganda | Tagged John Maynard Keynes, MMT, neoliberalism, Wall Street | Leave a comment

Looting Opportunity

Posted on May 1, 2020 by camelotkidd

We don’t do competent governance anymore. Everything is simply a looting opportunity. There are clusters of competence, of course, but they are overwhelmed by incompetence, corruption and callous disregard for anyone who isn’t wealthy or powerful. The elites have … Continue reading →

Posted in feral elite, neofeudalism, neoliberalism | Tagged Coronavirus, feral elite, guillotine moment, MMT, neofeudalism, neoliberalism, pandemic, plutocracy | Leave a comment

Rotten Arrangements

Posted on March 6, 2020 by camelotkidd

The Coronavirus pandemic is calling into question all of the rotten arrangements that have brought us to this point in American history. Indeed, the virus is remorselessly exposing every weakness in the political and economic ideologies it touches. Especially the ideology … Continue reading →

Posted in feral elite, neoliberalism | Tagged Coronavirus, culture of greed, Donald Trump, federal reserve, globalization, MMT, neoliberalism, public health, Vice President Pence, Wall Street | Leave a comment

PayGo

Posted on January 17, 2019 by camelotkidd

PayGo is bad economics and bad politics, but naturally it was the first order of business for the newly elected Democratic Speaker of the House–Nancy Pelosi. Despite resistance from progressive Democrats, the House rules package for the 116th Congress will … Continue reading →

Posted in neofeudalism, neoliberals, propaganda | Tagged Barak Obama, Brexit, Donald Trump, financialization, Hillary Clinton, Killing the Host, Michael Hudson, Milton Friedman, MMT, Nancy Pelosi, neoliberalism, Pay-Go, University of Chicago, Wall Street, Yellow Vests | Leave a comment

Abhorrent to the vested interests

Posted on February 28, 2017 by camelotkidd

Economist, Michael Hudson, is an iconoclast who writes and speaks against neoliberal economic orthodoxy. His latest lecture connects early Christianity with economic history, and argues that the reason Jesus was crucified was because he advocated a jubilee, or debt forgiveness. … Continue reading →

Posted in neoliberals | Tagged abhorrent to the vested interests, Brothers Karamazov, Charles Dickens, debt, debt forgiveness, debt serfdom, Democratic Party, Democrats, Dostoevsky, economics, Grand Inquisitor, Jesus Christ, Jesus was a radical, jubilee, Listen Liberal, Michael Hudson, MMT, Nancy Pelosi, prosperity-gospel, Roman empire, technocratic liberalism, Thomas Frank | Leave a comment

The art of the possible

Posted on January 24, 2017 by camelotkidd

Politics is the art of the possible. It’s not enough for Democrats to simply oppose the policies of Donald Trump, they need to offer alternatives. And, while the marches and protests organized by the DNC and supporting NGO’s are … Continue reading →

Posted in neoliberals | Tagged Barack Obama, Bernie Sanders, bold vision, capital, Democrats, Donald Trump, fiat currency, Hillary Clinton, identity politics, John Michael Greer, Labor, Listen Liberal, MMT, neoliberal economic policies, neoliberals, New Economic Perspectives, Robert Reich, Stephanie Kelton, Thomas Frank, too big to fail, universal policies, Wall Street, wall street crash | Leave a comment

Out of Thin Air

Posted on March 12, 2015 by camelotkidd

The US has a fiat currency, where money is created out of thin air with a stroke of the keyboard. For political reasons, we allow banks to enjoy the advantage of money creation rather than having the US Treasury issue … Continue reading →

Posted in Uncategorized | Tagged banks, CBO, Ellen Brown, fiat currency, MMT, Modern Monetary Theory, Naked Capitalism, Rothschild, Web of Debt | Leave a comment

Rock Stars

Posted on March 3, 2012 by camelotkidd

I believe that there is an alternative to finance driven capitalism as the only way to organize an economy. This system, let’s call it neoliberalism, insists on a market culture as the master design for all human affairs. Profit making … Continue reading →

Posted in Uncategorized | Tagged Michael Hudson, MMT, Modern Monetary Theory, University of Missouri at Kansas City UMKC | Leave a comment