Search Results for: inflation

Obama and McConnell are Playing the Country – and Mainstream Liberals are the Instrument of Choice

By Dan Kervick Brad DeLong worries that President Obama does not have a strategy to persuade Mitch McConnell and Senate Republicans to back down from their “crazy” threat on the debt ceiling and force them to accept a “real deal”: … Continue reading

America’s Deceptive 2012 Fiscal Cliff – Part 4

By Michael Hudson [Part 1] [Part 2] [Part 3] […] The ideological crisis underlying today’s tax and financial policy From antiquity and for thousands of years, land, natural resources and monopolies, seaports and roads were kept in the public domain. … Continue reading

Paul Goes Platinum!

By Joe Firestone Another platinum coin surge in the Second Wave rippled through the mainstream media yesterday and this time hit the Congressional Progressive Caucus. Domenico Mantanaro of MSNBC kicked things off on one of the morning shows by mentioning … Continue reading

Functional Finance and the Debt Ratio—Part V

By Scott Fullwiler [Part 1] [Part 2] [Part 3] [Part 4] […] This five part series will explore at length (warning!) and in detail (another warning—wonk alert!) the MMT perspective on the debt ratio and fiscal sustainability.  While the approach … Continue reading

The Washington Post’s tries again to create a moral panic sufficient to push the Grand Betrayal

By William K. Black The Washington Post’s mission has been to create a “moral panic” sufficient to cause the Obama administration to overcome the objections of Senate Democrats and adopt the “Grand Bargain” (sic).  The deal would actually constitute the … Continue reading

The President’s Leverage: He Can Go Platinum

By Joe Firestone Well, that’s over. The President had a chance to go “over the cliff,” bargain hard with the Republicans, get more of what he said he wanted at the price of perhaps some more days of crisis with … Continue reading

Functional Finance and the Debt Ratio—Part IV

By Scott Fullwiler [Part 1] [Part 2] [Part 3] […] [Part 5] This five part series will explore at length (warning!) and in detail (another warning—wonk alert!) the MMT perspective on the debt ratio and fiscal sustainability.  While the approach … Continue reading

America’s Deceptive 2012 Fiscal Cliff – Part 3

By Michael Hudson [Part 1] [Part 2] […] Quantitative easing as free money creation – to subsidize the big banks The Federal Reserve’s three waves of Quantitative Easing since 2008 show how easy it is to create free money. Yet … Continue reading

Greg Mankiw Discovers the Math and the Arithmetic on the Same Day

By Dale Pierce Raising taxes is a good idea after all. In fact, it is now quite necessary, according to former Romney flack and alleged deep thinker Greg Mankiw of Harvard University. (Whose introductory textbook in economics may go down … Continue reading

Functional Finance and the Debt Ratio—Part II

By Scott Fullwiler [Part 1] […] [Part 3] [Part 4] [Part 5] This five part series will explore at length (warning!) and in detail (another warning—wonk alert!) the MMT perspective on the debt ratio and fiscal sustainability.  While the approach … Continue reading