Tag Archives: interest rates

Bill Black on CCTV America

Bill appeared on CCTV America discussing the American economy with Rachelle Akuffo. You can view it here.

Peterson Thinks We Need Austerity While He Lives It Up!

By Joe Firestone

The Peterson Foundation reacted to the President’s budget document with a report repeating its usual whining about the debt problem, and the need to cut entitlements. Here are quotations from the report and my explanations of why they are ridiculous deficit/debt terrorist nonsense.

While today’s deficits are much lower than those during the financial crisis and recession, over the next ten years debt will remain at historically high levels under the policies outlined in the President’s budget. Over the long term, our debt is on a rising and unsustainable path that harms our economy and threatens our future standard of living.

Continue reading

Mosler Endorses ZIRP. Forever.

By Stephanie Kelton

Warren Mosler, writing for US News & World Reports, makes the case that the Fed should not “normalize” rates or go back to trying to fine tune the economy by raising and lowering the overnight interest rate but, instead, just leave rates where they are.  Let’s see if Warren’s argument will top the list of reader favorites. Read the full article here.

The Five Worst Reasons Why the National Debt Should Matter To You: Part Three, The Other Four Worst Reasons

By Joe Firestone

In Part One of this series, I considered “Fix the Debt’s” claim that high levels of debt cause high unemployment and gave a few reasons why this is a false claim. In Part Two, I followed with a review of the historical record from 1930 to the present and showed that it refutes this claim throughout this period, and that there is not even one Administration where the evidence doesn’t contradict “Fix the Debts” theory. In this part I’ll continue my examination of the other four “top reasons” why “Fix the Debt” insists that the National Debt should matter to you.

Continue reading