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.

Nouriel Roubini, that is. He’s been right before.

Marketplace – Kai Ryssdal and Molly Wood – finally discussed MMT with Stephanie Kelton. I hope they learned a few things.

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.

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

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!

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.)

Here is a good interview with Bill Mitchell.

Here is a fascinating essay on the demise of Silk Road and what it says about libertarian fantasies.