Tag Archives: MMT
Situation Report
Have you noticed that Americans don’t pay attention to their surroundings? Whether walking, biking, driving or skiing, people are largely unaware of what’s going on around them. It’s the same with politics, where Americans are blissfully unaware of the political … Continue reading
This is why we can’t have nice things
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
Looting Opportunity
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
Rotten Arrangements
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
Out of Thin Air
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
Rock Stars
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
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