peaceframes

In light of  the current debate in Congress over additional fiscal support for workers and the broader economy, and the debate this has sparked over Federal debt levels, it is important to have a clear understanding of Federal debt issues. […]

INSANITY The whole crazy system needs to be reconstructed. Recently, across the nation, there have been reports that people are blowing-up the sky with fireworks in anticipation of the 4th of July holiday. It’s become a real problem in some […]

The Nation is entering a dangerous period. On the Left, there is growing militancy with perhaps a small armed faction; on the Right, there has been a decades long development of well armed militias which historically had been mostly anti-government, […]

Federal Government spending during the current health crisis has alarmed many analysts and the broader public. While the U.S. as a sovereign power with its own free floating currency has unlimited capacity to spend, there are,  of course, practical limitations […]

A deeply understood, but not enough talked-about aspect of Federal borrowing, is that the Federal government need not pay interest on its debt. Current law requires the Treasury Department to auction debt in  the public market. The Federal Reserve (FED), […]

Modern Monetary Theory puts forth the idea that the Federal Government can engage in highly expansionary fiscal policy without inflationary  consequences so long as the additional money is directed in an appropriate manner, there are no significant supply constraints, and […]

At some point during this health crisis the financial class will likely begin its campaign against further Federal fiscal expansion, at least that portion directed towards the working class. They will wrap this argument in the language that heavy federal […]

The Federal Reserve (FED) is funding various loan facilities for corporate and other business enterprises which are struggling in the midst of the Coronavirus. The Treasury Department will backstop these loans with $454 billion, certainly more to come, if needed, […]

Trump, in reference to strong suggestions that he invoke the Defense Production Act in order to requisition the production of medical masks, respirators, and other medical equipment for the COVID-19, stated that he didn’t want to go down that path […]

In response to COVID-19, The Federal Reserve (FED) has quickly flooded the capital markets with $1.5 trillion in short term funding; it has committed to an additional $700 billion in purchases of longer dated securities. This latter action is open […]