As the Debt Ceiling Approaches, a Fiscal Myth Echoes Across the Landscape of Politics

So, Congress is apparently going to both refuse to officially raise the debt limit, and also repeal the debt limit law, but instead will suspend the debt ceiling until next March, well after the 2018 Congressional elections, where a new Congress will decide whether one of the methods for permanently curing debt ceiling crises will be used to end additional episodes of debt ceiling brinksmanship after March 2019.

An Open Letter To Progressive Candidates and Incumbents

With the new OCF language, candidates and office holders can give an answer to “How are you gonna pay for it?”

Permanent Cures for Debt Ceiling Crises

While our attention is on the chaos and consequences of debt ceiling crises, is a good time to consider how we might eliminate them entirely. Here’s a rundown on the four most important methods one can use.

Some Advice for Linsey Fagan and Other Progressive Candidates

So, she can see that if she advocates for the spending needed to solve our problems, then she may be stepping into a mine field right off the bat.  How should she cope with that situation, which she is sure to hit soon if she hasn’t already gotten there? Well here is where MMT can help her and other progressive candidates.

Semantics Regarding 'Taxes Do Not Fund Spending'

So stop wasting time and lives by arguing that the statement is not true!

A Message to the Green Party National Committee and Howard Switzer Regarding Monetary Reality

Recently, the Green Party of Tennessee posted this and also the first reply (timestamped 12:38 PM) to a comment by Sylvia Saadati on that post. My message below is a critical reply to the main text of this comment, excluding the final portion about AMI. It breaks that paragraph up into its component statements for purposes of a more systematic critique. My conclusion is: whether private or public, neither a Fed bank, nor the Fed’s Board of Governors,  can deny the sovereign will of Congress as it is being implemented by the Treasury. It must create the necessary reserves in the Treasury spending account, whenever Congress mandates spending requiring those reserves, and Treasury pushes the right buttons to force the Fed to create them in its spending account.