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 →

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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 →

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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 →

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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 →

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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 →

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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 →

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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 →

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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 →

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