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?
What are monetary policy and fiscal policy, and how do they differ? In this multi-part series, we’ll define these two types of economic policy, and explain their implementation and efficacy. With a little history to provide context and help you understand not just what these policies are, but their impact on our lives, this series gives a deeper understanding of MMT, and economic policy in general!