Money has no power without labor, raw materials, ideas, and other resources.
The transition from trading fish and coconuts to using recognizable modern currency happens quickly, but don’t despair if you’re feeling macroeconomically challenged! This book is written for regular folks who are interested in learning how an economy with a sovereign fiat currency works without having to attend a university program to get there.
The public have little appetite for economics. The Green Party, as laudably representative of the public, doesn’t either, which has led to their reliance on a small group of economic advisers, including Jon Bongeovanni, Howard Switzer, Sue Peters, and Rita Jacobs. I will argue that these advisers have fundamentally misled the Green Party, imposing artificial financial constraints on the Green Party’s ability to implement policies, and injecting libertarian economic ideas via fear-mongering about the national debt. Accordingly, these advisors recommend the wholesale rejection of alternative economic theories, such as MMT (Modern Monetary Theory). In this article, I will focus on Rita Jabobs’ written request to “look beyond MMT” – a title that sounds innocuous enough, but which prefaces a plethora of lies and conspiracies about MMT that are an insult to the thousands of progressives who stand by it.
One issue that was not discussed in the previous article regarding fiscal policy relates to the timing of fiscal policy. Since Congress authorizes spending, a criticism of fiscal policy has been that it may not be quickly responsive to economic problems. However, this concern is ameliorated by the fact that we have implemented various policies that are designed to vary with economic conditions.
Does it make me crazy to hear Bernie Sanders talk about how he is going to pay for his programs? Absolutely. Why? Because even under the fake economics of “tax to spend”, the numbers just do not add up. Moreover, for the economically literate, we are all too aware that Federal taxes do not fund …
Health insurance is the business that fuels campaigns as well as news media through massive network ad buys, seeping into nearly every level of our democratic process, affecting how and why decisions are made on Capitol Hill, the newsroom, and even at the local party level. So how can advocates of Medicare for All hope to prevail?