You can sell the hope and boundless possibilities that come with understanding Modern Money or you can focus on the evils and death of neoliberalism. Both are equally true and both are equally necessary to understand and communicate. I hate spending all my time having to slam the devils of neoliberalism but the issue is most don't understand that they themselves are accidental neoliberals and therefore part of the problem. I hate having to force the mirror to come out and bite them. But the mirror stares back hard. It is why folks can long for polite neoliberals instead of fighting for actual progressives who say and want the same things. They are too busy being distracted by the spectre of Donald Trump to see the evil in their own midst. Evil is evil regardless of whether they have a (D) or (R) next to their name. But hope is tricky. People are conditioned to be cynical. They confuse cynicism for being "woke". Hope is a bridge too far for many. The idea that we can have nice things has almost been socialized out of their consciousness. Hope is scary. Hope is dangerous. Hope can cause extreme joy and a positive mental attitude or it can cause the pain to intensify should the hope prove to he a let down. But without hope, what is the point? To me, the only real and actionable way to have hope is to #LearnMMT.
This MMT tutorial provides short answers to several questions, such as: What is money? Where does it come from? Can the government go broke? What is the national debt? What are taxes for? Why not have a balanced budget? What happened to Greece and Zimbabwe? And, why should I learn MMT?
Something that has been around for 34 years without threatening the duopoly is something that the duopoly is happy to see exist, because it only serves to sheepherd angry progressives into a vehicle for failure. The Green Party needs to appeal to the working class if it's to gain any electoral success, but even that might be insufficient to resolve their profound image problems. There might be a better option.
Vote shaming won't fix this country: standing for progressive policies will!
"As far as what specifically would happen if the world stopped using the United States dollar for oil? The answer is, “Very little.””
In a nutshell, Ms. McCain lost her mind after fellow co-host Sunny Hostin read aloud the platform to the ladies. Joy Behar in a rare moment of honesty calmly corrected McCain on the talking points of Venezuela. "I think she's talking about the Scandinavian countries," Joy said to McCain after McCain kept comparing socialism to Venezuela.
America's current "national debt" is tallied to be $21.5 trillion. When politicians and economic pundits talk (worry, fret, wring their hands, gnash their teeth) about this "debt" they implicitly assume—along with their listeners, readers, and potential voters—that this fantastic sum will eventually have to be paid back. That's what happens with debts, right? Someone calls them due!
As these examples show, our overseas mass killers, the military, provide the U.S. persona with an edgy chaos that's psychopathically hip in a Training Day meets Apocalypse Now sort of way.
... my message was not getting through. Telling people point blank that taxes do not fund spending always leads to a change in subject. It always leads away from what is so very important about MMT. Which is that MMT describes how macroeconomics operates in the modern world.
When we talk about MMT, we almost invariably hear at least one person who argues that their tax money does in fact fund federal spending, and that we're crazy for peddling this nonsense. The conversation then turns to the 2018 national defense budget. That's a good place for it to go.
This piece argues that a peace deal is worth supporting and that opponents to the agreement will further isolate the progressive base which is made up of anti-war activists and progressives who want to secure peace at the Korean peninsula. This article matters because if the Left wants to secure victories in upcoming elections, taking note of how this will ffect progressives is imperative. Plus, a future of peace is always an urgent matter.
Given the pressing needs America and the world now face, which profit-making enterprise has no interest in addressing, the time for Stage 5 money is at hand. We have it in our grasp. The question is: when we will see what it is and how to use it?