See Anti-War store in the Memu
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
Continue reading…Modern Monetary Theory and Increased Federal Spending
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
Continue reading…Partial Nationalization of Private Sector Firms: Why Not?
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
Continue reading…“Funding” the Federal Response to COVID-19 is not the Issue: Inflation is the Issue
The U.S. oil industry is lobbying the Trump Administration to pressure the Saudis to cut oil production in order to raise the price of oil. That’s right, raise the price of oil. In case you have not been following events
Bernie Sanders’ comments on literacy improvements in Cuba under Castro will continue to be a campaign issue. With this in mind, we should be clear in our minds about the Cuban experience. When Castro came to power after the successful
Continue reading…Bernie Sanders’ Comments on Literacy under Castro in Cuba
You have got to hand it to the proponents of Modern Monetary Theory (MMT). MMT offers a conceptual framework of U.S monetary and fiscal operations which accurately reflect the workings of these operations in both the U.S. and other nations
I live in a major, pretty-much post industrial Midwestern city. A few years back the City was a massive collage of graffiti: some of it was a collection of simple tags, some of it was just flat-out amazing art. I
I am old enough to have grown-up during the 60’s and early 70’s. For many of us who grew up during this era, the era shaped our world views: views which have remained with us to this day. During the