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[…]

Currency Issuance: One Way That The Federal Government Can Ensure its Survival

The federal government requires various goods and services to operate and function as government. It needs tables, chairs, paper, pens, printers, ink, computers, airplanes, tanks, ships, ammunition, concrete, steel, wiring, switches, light bulbs, on and on. The question is, how can the federal government obtain all of these things, now and in the future, to[…]

The Job Guarantee – Understanding Fundamental Concepts

Many public discussions among progressives entirely miss the point of the JG. It’s normal, but at the same time, the lack of firm understanding is detrimental to the JG, and to progress. So, with that, let me try to clarify a few things. In the first instance, progressives inevitably discuss the consequences for skilled/educated workers.[…]