Daily Archives: December 5, 2012

Financial Crisis – Class Project

By Todd Drummond & Michael Flanigan

This is one of the projects completed for Dr. Kelton’s graduate macroeconomics course, Fall 2012.

A Meme for Money, Part 3: Framing the Alternative Approach

By L. Randall Wray

In Part 2 we looked at the mainstream framing of discussion about money and about the economy and society more generally. Following Lakoff, my argument is that framing is important and that so far orthodoxy is winning all of the important policy debates because it has the better framing. Policy is always and everywhere a moral issue—not merely an economic issue and certainly not a technical issue. To win policy debates, we must—like orthodoxy—engage the moral issues. We can take the higher moral ground. Continue reading