Economic Justice

Old Narratives Die Hard

Opponents of Bernie Sanders’ progressive proposals warn us, “Even if you raised taxes to 100% and drained every single dollar in the United States, that still wouldn’t be enough to pay for Bernie’s programs.” We admit it: this is true. Nathan Locke explains why that’s never been the point.

New Year, New Recommended Reading

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 Green Party Chose Mainstream Economics over MMT

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.

What is the difference between Monetary Policy and Fiscal Policy – Part II

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.

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