Daily Archives: December 12, 2012

New MSM Trillion Dollar Coin Wave Misses the Big Story: Hayes and Carney

Posted on December 12, 2012 by Devin Smith | 7 comments

Did the MSM’s new wave of commentaries on platinum coin seigniorage (PCS) miss the really big story about it? Of course, I think it did, and I’ll continue my review of the MSM commentaries with the efforts of Chris Hayes at MSNBC, substituting as host on the Rachel Maddow show (12/05 at 9:20 PM); and John Carney at CNBC (12/06 at 11:54 AM). This is my second review post on this subject. Continue reading →

7 Comments

Posted in Joe Firestone

Tagged #PCS, #TDC, $60 T coin, Chris Hayes, debt ceiling, debt-subject-to-the-limit, fiscal cliff, Fiscal Policy, Fiscal Responsibility, Fiscal Sustainability, John Carney, MMT, Modern Monetary Theory, platinum coin seigniorage, Trillion Dollar Coin

New MSM Trillion Dollar Coin Wave Misses the Big Story: Pethokoukis and Wiesenthal

Posted on December 12, 2012 by Devin Smith | 6 comments

By Joe Firestone

In this post I said I would blog about the likely expected relationship between the different PCS options and inflation using the framework laid out by Scott Fullwiler! But, after reconsidering, I thought I’d hold off until later, and, instead, first provide a discussion of the “new wave” of MSM-based blog posts on the Trillion Dollar Coin (TDC) “solution” to the upcoming debt ceiling conflict. As it turns out that will take a number of posts in itself. Continue reading →

6 Comments

Posted in Joe Firestone

Tagged #PCS, #TDC, $60 T coin, debt ceiling, debt-subject-to-the-limit, fiscal cliff, Fiscal Policy, Fiscal Responsibility, Fiscal Sustainability, James Pethokoukis, Joe Wiesenthal, MMT, Modern Monetary Theory, platinum coin seigniorage, Trillion Dollar Coin

NEP’s Stephanie Kelton appears on Capital Account

Posted on December 12, 2012 by Devin Smith | 28 comments

Stephanie appeared on Capital Account with Lauren Lyster on December 11. The topic was MMT’s goals for Full Employment and the government’s deficit.

28 Comments

Posted in Stephanie Kelton

Tagged deficit, MMT

An Alternative Meme For Money, Part 7: Framing Deficits

Posted on December 12, 2012 by Devin Smith | 60 comments

By L. Randall Wray

Deficits and Debt are probably the most terrifying topic that MMT addresses. We need to be careful. We are treading on moral (or religious) grounds. We know that one should not be a debtor (or, a creditor)—most religions tell us so. One who proclaims that deficits and debts are OK is automatically engaged in blasphemy of various sorts, not least of which is a crime against morality. Let’s try to frame the discussion. Continue reading →