CBC Radio posted a discussion of MMT in the midst of the COVID-19 pandemic. It was generally well done, and I recommend you listen to it (37 minutes). The reporter provided a decent overview of economics from Keynesianism through monetarism to the present day. On the whole, he was fair and objective. However, I heard a […]
When Milton Friedman proclaimed that shareholder value was the only thing that mattered, he essentially launched the neoliberal mindset that has been rotting the world for nearly half a century. And many people still haven’t figured it out (or have a vested interest in not doing so). Steve Denning explains.
Milton Friedman: Dumbest Idea Man Read More »
But don’t take my word for it. Experts are saying it.
Trumpism is a cult Read More »
Nouriel Roubini, that is. He’s been right before.
Dr. Doom Predicts Doom Read More »
An interview with Philip Mirowski.
Why the Neoliberals Won’t Let This Crisis Go to Waste Read More »
Marketplace – Kai Ryssdal and Molly Wood – finally discussed MMT with Stephanie Kelton. I hope they learned a few things.
MMT on Marketplace Read More »
Susan B. Glasser writes about Trump’s historical illiteracy.
History According to Trump Read More »
Here is a 2014 article by Chris Mooney that tries to explain why Fox News viewers are more misinformed than other news consumers. The piece is an excerpt from his book, “The Republican Brain: The Science of Why They Deny Science–and Reality“. Much of the misinformation is deliberate on the part of Fox News, but conservatives
The Science of Fox News Read More »
I know people who avoid doing shopping, banking and other financial activities on-line because they don’t think it’s safe. If only it was that simple. While it is true that any on-line account can potentially be compromised, there is also a security benefit to creating certain accounts: If you don’t create an account at your bank’s
Think you’re smarter than a phone scammer? Read More »
Modern Monetary Theory (MMT) is getting a lot of attention these days, but many mainstream commentators still mischaracterize it. Yeva Nersisyan and L. Randall Wray set the record straight.
The Myth of “Helicopter Money” Read More »
There are myriad definitions and variations of socialism. If you don’t believe me, check out the term’s Wikipedia page. Things that have been called socialist: publicly owned lands, such as state and national parks [1] eminent domain [1][2] Social Security [1][3] the New Deal [1][5] public housing [1] the civil rights movement [1] bank
For the Kansas City Chiefs, a 14-point deficit at half-time is a problem. But that means their opponent has a 14-point surplus. Is that a problem for them? Of course not. The “federal debt” is the private sector’s savings. Personally, I’m happy to have some of those savings. How about you? Read more in this Financial
Here’s an excellent article, by Sam Adler-Bell, on how we can afford the programs we so badly need.
There was always a way to pay for the programs we need Read More »
Why can’t we have politicians who understand how money and federal spending actually work? In any case, Stephanie Kelton explains it yet again. Pay attention this time!
Just spend the money! Read More »
Computershare is a financial services company that provides stock transfer services to various companies. It was founded in Australia in 1978 and currently operates in many other countries, including the U.S. If you own stock in companies that use Computershare, your 1099-DIVs display their name. One of Computershare’s corporate clients is Brighthouse Financial (BHF). Brighthouse
Computershare con job Read More »
Robert Skidelsky writes that fiscal policy is poised to supplant monetary policy as the primary tool for managing the economy. Let’s hope he is right!
The Monetarist fantasy is over Read More »
Here’s a Twitter thread from Steven Grumbine on the urgency of overcoming the world’s collective austerity mindset. If you think our national debt or our federal deficit are problems, you are part of the problem. Educate yourself! (Feel free to inquire within.)
Thomas Piketty thinks a Bernie Sanders’ Presidency would be good for the U.S. economy. That shouldn’t be surprising to anyone who spends any time actually thinking about it. Because of inequality in this country, a lot of wealth is tied up in stocks and bonds, where it does nothing to stimulate the economy. Now consider if some of
Piketty on Sanders Read More »
James K. Galbraith provides this detailed analysis of Bernie Sanders’ agenda and its feasibility.
Galbraith on the Sanders agenda Read More »
Here is a good interview with Bill Mitchell.
Bill Mitchell interviewed Read More »