Tag Archives: MMT

PayGo

  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 , , , , , , , , , , , , , , | Leave a comment

Abhorrent to the vested interests

  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 , , , , , , , , , , , , , , , , , , , , , | Leave a comment

The art of the possible

  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 , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

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

Posted in Uncategorized | Tagged , , , , , , , , | Leave a comment

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

Posted in Uncategorized | Tagged , , , | Leave a comment