Paul Krugman Still Believes That “the debt” Can Be a Problem for the U.S.
The deficit is now down to under 3% of GDP, and in contemplating that fact, Paul Krugman asks why the deficit hawks aren’t celebrating the precipitous fall from nearly 10% of GDP a few years ago. He...
View ArticleBeware of Policies and Legislation Based on the Generational Accounting Scam
The Peter G. Peterson Foundation (PGPF) and its allied army of associated deficit hawks want the Congressional Budget Office (CBO), the General Accountability Office (GAO), and the Office of Management...
View ArticlePiketty’s Neoliberal Capital
Let’s get this out of the way. I agree with Piketty’s overall conclusion in Capital about inequality, that: the distribution of wealth in many industrial nations is highly unequal, wealth concentration...
View ArticleElizabeth Warren: Better, But Not there Yet
In her recent post-election piece “It’s Time to Work on America’s Agenda” Elizabeth Warren points out that the changes in Washington and in various States aren’t changing the fact that The stock market...
View ArticleThe Way Out of Shutdown Shenanigans
Today, I received an e-mail from the Friends of (the very popular with progressives) Senator Bernie Sanders. In it the Senator says: I’m joining with the members of Progressives United to send a clear...
View ArticleThe Economic Agenda for America: A Commentary
Senator Bernie Sanders just released his “Economic Agenda for America.” While that agenda is certainly more progressive than the talk we hear from Democrats, and certainly is progressive in its...
View ArticlePodcast: A conversation with Mike Norman
Earlier today, I appeared on Mike Norman’s podcast for a long conversation about how I became interested in MMT, my recent blog series on Bruce Bartlett’s testimony to the Senate Budget Committee, and...
View ArticleTPP: The Fascism Issue
If the Trans-Pacific Partnership (TPP) Agreement will, if implemented, and as I’ve argued elsewhere, result in the death of national and state sovereignty, constitutional separation of powers, and...
View ArticleModern Money Theory – Part 1
Part 1 of an interview with Randy Wray for attactv in Spain. Randy is explaining Modern Money Theory. Teoría Monetaria Moderna – Randall Wray – Parte… by attactv
View ArticleWho Needs Balanced Trade? Who Needs Balance Budgets: A New Book on Trade and...
The intensity of the conflict over the Trans-Pacific Partnership (TPP) has died down since last June, after the Administration won its victory in getting Trade Promotion Authority (TPA) through...
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