Search Results for: inflation

Bank Dollars & Sovereign Spending

Posted on September 3, 2014 by J.D. Alt | 28 comments

By J.D. Alt Why do so many people—including the authors of most economics textbooks—believe the U.S. banking system creates the U.S. dollars we earn and spend and pay our taxes with? It’s because the U.S. banking system does, in fact, … Continue reading →

28 Comments

Posted in J. D. Alt

Tagged banking, banks, money, sovereign currency

Real Fiscal Responsibility 4; Carter: Education Reform

Posted on September 2, 2014 by Joe Firestone | 2 comments

If you’re reading this you’ve landed near but not at the beginning of my very lengthy series evaluating the fiscal responsibility/irresponsibility of the Governments of the United States (mostly the Congress, the Executive Branch, and the Federal Reserve) by Administration … Continue reading →

2 Comments

Posted in Joe Firestone

Tagged Austerians, austerity, Carter Administration, debt and deficits, Department of Education, Education Reform, expanded policy space, MMT, modern money theory, public purpose, REAL fiscal responsibility

Where Danger Lurks: The Dark Recesses of the Orthodox Mind

Posted on August 31, 2014 by L. Randall Wray | 14 comments

By L. Randall Wray Ah, the Eternal Sunshine of the Recessed Mind! Here’s an unintentionally–but riotously–hilarious mea culpa by Olivier Blanchard. Here’s the CliffsNotes version: Yes, we didn’t see nothing coming. But that isn’t our fault. The Global Financial Crisis—the … Continue reading →

14 Comments

Posted in L. Randall Wray

Tagged Great Financial Crisis, orthodox economics

Real Fiscal Responsibility 2; Carter: Stagnation and Unemployment

Posted on August 31, 2014 by Joe Firestone | 15 comments

By Joe Firestone This post continues my series evaluating the fiscal responsibility/irresponsibility of the Governments of the United States (mostly the Congress, the Executive Branch, and the Federal Reserve) by Administration periods beginning in 1977 with the Jimmy Carter period. … Continue reading →

15 Comments

Posted in Joe Firestone

Tagged Austerians, austerity, Carter Administration, debt and deficits, expanded policy space, MMT, modern money theory, Paul Volcker, public purpose, REAL fiscal responsibility

Real Fiscal Responsibility I: Preliminaries

Posted on August 29, 2014 by Joe Firestone | 16 comments

By Joe Firestone This is the first in a lengthy blog series that will evaluate the US Government’s record on Real Fiscal Responsibility, Administration period by Administration period, since the Administration of Jimmy Carter in 1977. In evaluating the US … Continue reading →

16 Comments

Posted in Joe Firestone

Tagged Austerians, austerity, debt and deficits, expanded policy space, MMT, modern money theory, public purpose, REAL fiscal responsibility

Why Money Matters

Posted on August 7, 2014 by L. Randall Wray | 25 comments

By L. Randall Wray* Our Mission Oriented Finance conference explores how to direct funding toward what Hyman Minsky called “the capital development of the economy”, broadly defined to include private investment, public infrastructure, and human development. (See more here.) But … Continue reading →

25 Comments

Posted in L. Randall Wray

Tagged MMT, Modern Monetary Theory

CBO—Still Out of Paradigm after All These Years

Posted on July 20, 2014 by Scott Fullwiler | 22 comments

By Scott Fullwiler The Congressional Budget Office (CBO) published its long-term deficit and national debt projections last week. These are the projections most widely cited in policy discussions about long-term “sustainability” of the national debt and entitlement programs. In this … Continue reading →

22 Comments

Posted in Scott Fullwiler

Tagged CBO, long-term deficit, national debt

Krugman Now Disagrees with His Earlier Critique of MMT

Posted on July 17, 2014 by Scott Fullwiler | 30 comments

By Scott Fullwiler In a post yesterday, Paul Krugman notes the CBOs long-term projections for federal government deficits and the national debt now show a reduced projection of nominal interest rates: This markdown has the effect of making the budget … Continue reading →

30 Comments

Posted in Scott Fullwiler

Tagged MMT. Modern Monetary Theory, paul krugman

Two EU Finance Ministers Throw their Bosses and Nations Under the Bus

Posted on July 14, 2014 by William Black | 1 comment

By William K. Black The finance ministers of Italy and Serbia have just publicly thrown their heads of state and their nations under the bus. In a testament to the crippling effect of the belief that “there is no alternative” … Continue reading →

1 Comment

Posted in William K. Black

Tagged austerity, eu

National Retirement Infrastructure

Posted on July 8, 2014 by J.D. Alt | 16 comments

By J.D. Alt 1. Why we can afford it—2. Why we need it—3. How we can build it 1. Why we can afford it We, who face mass retirement at the same moment our life-expectancy has been stretched far beyond … Continue reading →