An Appeal to Antiquity to Illustrate a Point Regarding Universal Health Care, Federal Spending and the U.S. Constitution

At Rome, 114 A.D. I went down to Trajan’s market to see if it were possible to obtain two plump chickens and a few ripe figs for a dinner party that I was giving to celebrate with my friend, Septimius, the occasion of the birth of his fourth child. I found, to my surprise, Pallidus[…]

Let’s Revive Plato! (Well, sort of)

Let us say that some miners have discovered a new silver vein, and the emperor Augustus issues more coins. The coin is called a denarius and denarii contain a certain amount of silver. “Ok.” Firstly, what is a denarius? “It’s Roman money.” Ok. Fine. Now then, let us say that Augustus stamps a new denarius,[…]

Federal Taxpayers Do Not Fund the Federal Government; The Federal Government Funds Federal Taxpayers

Well that title is blunt, isn’t it? I like blunt. That’s why I chose it. As I always say, blunt cuts through bullshit. It’s my bet that it is sure to cause irritation for those persons who play immature games of semantics with the word ’fund’. Good. Look, we all know what people mean when[…]

If You Can Deliberately Restrain Federal Spending, You Can Deliberately Expand It

Anti-austerity is a word, of which, culturally and socially speaking, perhaps the Spartans wouldn’t have approved of. We can accept that. It was a Laconian thing. We wouldn’t understand anyway. However, it is also a word, economically-speaking, that many orthodox economists and politicians understand but outright refuse to accept. It’s a neoliberal thing. We cannot[…]

It’s Always a Good Time to ‘Blow Up’ the Deficit; Just Not How The Republican Party ‘Blows Up’ The Deficit

Since we had some technical difficulties last night – apparently, the Russians hacked us – we didn’t have time to address one of the main points to understanding deficit spending: You need a target for it to be immediately effective. So, let us address this topic presently. We recall from last night’s discussion on Real[…]