Tag Archives: Modern Monetary Theory
Selfishness is not a Virtue
How did we go from a nation that reformed capitalism with the New Deal, defeated Germany and Japan in WWII, rebuilt Europe, put a man on the moon, and created the Internet; to riven by inequality, overcome by addiction and … Continue reading
QE for you and me
Donald Trump is many things–racist, reality TV star, torture advocate, strong leader with fascist tendencies. However, Trump is also a truth-teller, in that he has repeatedly challenged conventional wisdom, as articulated by the American political and media elite. He’s kind of … 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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