A Florida couple with chronic ailments, a pile of medical debt, and a “mercy-killing.” It doesn’t have to be this way.
Tag: MMT
What MMT has revealed to me about our government and society (it ain’t good)
MMT doesn’t draw these conclusions, I do. MMT just makes them painfully obvious.
Legalized bribery is bad. Reporting on it is good.
What’s “fueling the Democratic Civil War“ is not the exposing of corruption but the corruption itself. Because of this POLITICO hit-piece (filled with cowardly anonymous sources), I am now the newest non-billionaire financial backer of The Intercept at $100 a year. Consider joining me.
Transcript: MMT economist L. Randall Wray on monetary reform: “The balance sheets don’t balance”
Wray: Monetary reformers have not yet fit their statements into accounting, which is necessary to figure out what theories are behind their ideas. “…and I’m not sure they’re capable of doing it. So you have to try to reconstruct what must be a coherent way of presenting what they’re presenting in a non-coherent way. So that’s what we’ve been trying to do. A lot of it is not coherent. The balance sheets don’t balance. They’re saying a lot of nonsensical things that just aren’t possible…. They completely misunderstand how the government spends, and the reality is it already does what they want.”
Confirmation that all federal spending (in the US) is – and has always been – financed with created currency.
The idea that “taxpayer money” is the only thing that pays for federal spending is not just economically inaccurate, it is a profoundly sinister and insidious one for our society. It further enables and promotes the neoliberal “monetarist” austerity economics that guarantees that the people will never ACTUALLY GET the big programs that we need to NOT DIE, suffer, or go bankrupt.
The “petrodollar” has no bearing on any country’s ability to fully employ its people.
“As far as what specifically would happen if the world stopped using the United States dollar for oil? The answer is, “Very little.””
