Search Results for: inflation

Correa’s and Ecuador’s Success drive The Economist Nuts

Posted on February 13, 2013 by Devin Smith | 21 comments

By William K. Black (Cross posted at Benzinga.com) Ecuador’s President Rafael Correa has the special ability to drive our most elite media nuts. Failures are self-refuting. It is the successful that drive their opponents to distraction, and much of the … Continue reading →

21 Comments

Posted in William K. Black

Tagged correa, ecuador, mainstream media, The Economist

The State of the Economic Union

Posted on February 11, 2013 by Dan Kervick | 31 comments

By Dan Kervick On Tuesday night, President Obama will give the first State of the Union message of his second term. Preliminary indications from Washington are that the President will attempt to shift some attention back to jobs and economic … Continue reading →

31 Comments

Posted in Dan Kervick

Tagged economic growth, jobs, MMT, Modern Monetary Theory

Austerity: the Political Struggle over Who Controls the Economy’s Liquidity

Posted on February 4, 2013 by Devin Smith | 25 comments

By Michael Hoexter The austerity campaign, a favorite for the last four years of politicians and financial tycoons, remains a seemingly self-contradictory and baffling phenomenon for those who know that it goes against at least 80 years of economic wisdom … Continue reading →

25 Comments

Posted in Michael Hoexter

Tagged austerity, liquidity, MMT, Modern Monetary Theory

Framing Platinum Coin Seigniorage: Part Six, More Political/Economic Objections

Posted on February 4, 2013 by Devin Smith | 11 comments

By Joe Firestone This series provides a framing document for Platinum Coin Seigniorage (PCS). In the five previous parts of the series, I pointed out that there are three classes of opponents of High Value Platinum Coin Seigniorage (HVPCS, $30 T … Continue reading →

11 Comments

Posted in Joe Firestone

Tagged #PCS, #TDC, $60 T coin, beowulf, debt ceiling, Fiscal Policy, High Value Platinum Coin Seigniorage, HVPCS, MMT, platinum coin seigniorage, Trillion Dollar Coin

Framing Platinum Coin Seigniorage: Part Five, Institutional Objections

Posted on February 3, 2013 by Devin Smith | 8 comments

By Joe Firestone This series provides a framing document for Platinum Coin Seigniorage (PCS). In the four previous parts of the series, I pointed out that there are three classes of opponents of High Value Platinum Coin Seigniorage (HVPCS, $30 T … Continue reading →

8 Comments

Posted in Joe Firestone

Tagged #PCS, #TDC, $60 T coin, beowulf, debt ceiling, Ezra Klein, Fiscal Policy, High Value Platinum Coin Seigniorage, HVPCS, John Lounsbury, MMT, platinum coin seigniorage, Trillion Dollar Coin, warren mosler

The Quiet Coup

Posted on February 3, 2013 by Devin Smith | 10 comments

By Jon Denn* No Budget No Pay means “Only Rich May Govern.” Could you afford to work for two or six years without pay? I think there’s a name for that. What is it, again? I can’t quite remember. But … Continue reading →

10 Comments

Posted in Guest Blogger

Tagged No Budget No Pay

Framing Platinum Coin Seigniorage: Part Four, Political/Economic Objections

Posted on February 2, 2013 by Devin Smith | 13 comments

By Joe Firestone This series provides a framing document for Platinum Coin Seigniorage (PCS). In the three previous parts of the series, I pointed out that there are three classes of opponents of High Value Platinum Coin Seigniorage (HVPCS, $30 T … Continue reading →

13 Comments

Posted in Joe Firestone

Tagged #PCS, #TDC, $60 T coin, beowulf, Black Swans, debt ceiling, Fiscal Policy, High Value Platinum Coin Seigniorage, HVPCS, MMT, modern money theory, Nassim Nicholas Taleb, platinum coin seigniorage, Trillion Dollar Coin

Framing Platinum Coin Seigniorage: Part Three, Political Objections

Posted on February 1, 2013 by Devin Smith | 5 comments

By Joe Firestone As I pointed out in Part Two of this series, there are three classes of opponents of High Value Platinum Coin Seigniorage (HVPCS, $30 T and above). The first and largest group opposes all Platinum Coin Seigniorage (PCS) … Continue reading →

5 Comments

Posted in Joe Firestone

Tagged #PCS, #TDC, $60 T coin, beowulf, debt ceiling, Ezra kelin, Fiscal Policy, High Value Platinum Coin Seigniorage, HVPCS, MMT, modern money theory, platinum coin seigniorage, Trillion Dollar Coin

Framing Platinum Coin Seigniorage: Part One, Basics

Posted on January 31, 2013 by Devin Smith | 58 comments

By Joe Firestone How many times have you heard that the Government can only spend money after it raises revenue by either taxing or borrowing? Nearly every time someone talks or writes about the US’s public deficit/debt problem? How come … Continue reading →

58 Comments

Posted in Joe Firestone

Tagged #PCS, #TDC, $60 T coin, austerity, Cullen Roche, debt ceiling, Fiscal Policy, game-changing PCS, High Value Platinum Coin Seigniorage, HVPCS, MMT, modern money theory, platinum coin seigniorage, Trillion Dollar Coin

Only Public Enterprise Can Heal Our Sick Economy

Posted on January 30, 2013 by Dan Kervick | 51 comments

By Dan Kervick For most Americans, the news that the US economy contracted by 0.1% in the fourth quarter of 2012, the first quarter of negative growth since the pit of the Great Recession 2009, has undoubtedly come as a … Continue reading →