This Website, originally constructed in 2003 and recently reconstructed into a blog format, is inspired by Detroit’s several decades long economic decline. As a resident of the City of Detroit for most of this period, I, along with others, watched
Currently, the U.S. marches towards war with China over Taiwan, and perhaps with Russia over Ukraine. To be clear, this is not war to protect the homeland. These will be wars to protect markets, to expand U.S. foreign investments, and
Looks like the MMTers (Modern Monetary Theory people)are losing this round. The social infrastructure package which started off as a $6 trillion Bernie Sanders ambition, then shrunk to a $3.5 trillion package, is now lingering around $1.75 trillion or so.
The discovery most shocking to me during the past year has been the size of the libertarian movement in this nation. As a member of the far left, I see the potential for good within government. Libertarians do not see
On a recent Bloomberg financial podcast an executive level J.P. Morgan employee stated he did not believe in Modern Monetary Theory (MMT). MMT is a controversial monetary theory which offers a description of monetary operations which challenge orthodox economic and
Continue reading…Modern Monetary Theory: Misrepresented, Once Again
A takeover has occurred in this Country; it started during the early 1980’s. At that time we had journeyed through the peace movements of the 60’s, through the rather stale 1970’s during which the rock music remained amazing–though less meaningful,
The talk about the U.S. federal debt, while always present, has ratcheted-up during the past year as the U.S. has added an additional $4 trillion of debt during this period. Most of this new debt is the result of successive
Recently I read an article by libertarian writer Chris Rossini entitled “Avoiding the ‘God-Complex’ Trap”. It was published in the “Ron Paul Liberty Report”. Ron Paul is kind-of the present day grandfather of U.S. libertarian thought. He is a former
Rising tension between the U.S and Russia should be a cause for concern among all Americans. Although recently the tensions between the nuclear armed powers have slightly eased, due to the Russian pullback of troops along the Ukrainian border, the
Modern Monetary Theory (MMT) offers a description of monetary operations which has drawn increased national attention over the past two decades. The proponents of MMT are often maligned and badly misrepresented by the press, orthodox economists, financial analysts, and others.
Minimum wage is tricky, right? The Congressional Budget Office (CBO) estimates a minimum wage increase to $15/hr. would create 1.4 million unemployed while lifting 900,000 people out of poverty. What to do? Financial analysts are quick to point out the
