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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
Posted in Uncategorized
Tagged 9-11, Bash kept us safe, Bernie Sanders, CBO, conventional wisdom, Donald Trump, economic orthodoxy, economic populism, fiat currency, George W. Bush, Iraq, Libya, Modern Monetary Theory, neoliberal, President Obama, public infrastructure, Syria, US imperialism
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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 banks, CBO, Ellen Brown, fiat currency, MMT, Modern Monetary Theory, Naked Capitalism, Rothschild, Web of Debt
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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
