By J.D. Alt
I’m pleased to announce the book The Millennials’ Money is now available. Many of its parts were first vetted here at NEP, and readers’ comments and suggestions were extremely helpful in finalizing the text. There is a nice endorsement on the back cover by Stephanie Kelton. A deeply felt thank you to NEP and all of its readers! The book is structured in three sections:
The introduction, “The Ideology of Money Scarcity—a Brief History,” is an overview of how, after 1971, the U.S. found itself using a modern fiat money system but continued thinking and behaving as if U.S. dollars, like gold, were a scarce commodity.
By William K. Black
April 11, 2016 Bloomington, MN
This is the second part of my series on how Hillary and Bill Clinton and Paul Krugman have pivoted in response to Bernie Sanders’ series of electoral wins and are racing hard right on finance and crime. In my first column I wore my criminology “hat” to explain how Bill was disinterring outrageous (false and racist) positions that Hillary and he had once championed. This was all the more bizarre because Hillary and Bill had recently repudiated those positions. In the mid-1990s, Hillary and Bill sought to spread a “moral panic” about subhuman black “super predators” in order to secure passage of the crime bill that led to mass incarceration and then to maintain the 100-to-one disparity in sentencing for crack v. powder cocaine once it was known that the scientifically baseless sentencing disparity was leading to a dramatic rise in the incarceration of blacks and Latinos. I also deplored Bill’s false claim that Black Lives Matter protesters were “defending” those who murdered black children.